Key Points
- Insider sale: Martin South sold 7,100 shares of Marsh & McLennan Companies at an average price of $189.99, totaling $1.35 million. His remaining stake is valued at approximately $3.16 million, representing a 29.92% reduction in his position.
- Quarterly performance: The company reported quarterly earnings of $2.96 per share, beating estimates of $2.89, while revenue rose 6.2% year over year to $7.28 billion.
- Dividend and outlook: Marsh & McLennan increased its quarterly dividend from $0.90 to $0.99 per share, equivalent to a 2.0% annual yield. Analysts collectively rate the stock “Hold,” with an average price target of $201.94.
Marsh & McLennan Companies, Inc. (NYSE:MRSH - Get Free Report) insider Martin South sold 7,100 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the transaction, the insider owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Marsh & McLennan Companies Trading Up 2.8%
Marsh & McLennan Companies stock opened at $197.56 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $94.28 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.76 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $213.80. The business's 50-day moving average price is $172.40.
Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion during the quarter. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.
Marsh & McLennan Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be issued a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, July 23rd. Marsh & McLennan Companies's dividend payout ratio is currently 48.41%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 11th. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an "equal weight" rating for the company in a research note on Monday, July 6th. Mizuho raised their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $201.94.
View Our Latest Research Report on Marsh & McLennan Companies
Hedge Funds Weigh In On Marsh & McLennan Companies
A number of institutional investors and hedge funds have recently made changes to their positions in MRSH. PFG Investments LLC boosted its position in shares of Marsh & McLennan Companies by 3.3% in the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock worth $326,000 after purchasing an additional 56 shares in the last quarter. EP Wealth Advisors LLC increased its position in Marsh & McLennan Companies by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider's stock valued at $1,823,000 after buying an additional 69 shares in the last quarter. MMA Asset Management LLC boosted its holdings in Marsh & McLennan Companies by 1.7% in the fourth quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider's stock worth $757,000 after acquiring an additional 70 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in shares of Marsh & McLennan Companies by 5.2% in the fourth quarter. Clear Creek Financial Management LLC now owns 1,449 shares of the financial services provider's stock worth $269,000 after acquiring an additional 72 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of Marsh & McLennan Companies by 5.3% during the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider's stock valued at $252,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 87.99% of the company's stock.
About Marsh & McLennan Companies
(
Get Free Report)
Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.
The firm operates through several well-known subsidiaries and business units that specialize in distinct services.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
