Marsh & McLennan Companies (NYSE:MRSH) SVP Sells $141,174.00 in Stock

Key Points

• SVP Paul Beswick sold 713 Marsh & McLennan shares for $141,174 at an average price of $198 per share under a pre-arranged Rule 10b5-1 trading plan. He retains 16,376 shares, a 4.17% reduction in his position.
• Marsh & McLennan reported quarterly EPS of $2.96, beating estimates of $2.89, while revenue rose 6.2% year over year to $7.28 billion. The company also raised its quarterly dividend to $0.99, implying a 2.1% yield.
• The stock recently traded at $189.89, below the analyst consensus price target of $201.94. Analyst sentiment is broadly neutral, with a consensus rating of Hold, while institutional investors own 87.99% of outstanding shares.

Marsh & McLennan Companies, Inc. (NYSE:MRSH - Get Free Report) SVP Paul Beswick sold 713 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the sale, the senior vice president directly owned 16,376 shares of the company's stock, valued at $3,242,448. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $1.62 during midday trading on Friday, reaching $189.89. The company had a trading volume of 2,532,173 shares, compared to its average volume of 2,959,132. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $213.80. The company has a market capitalization of $90.62 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.83 and a beta of 0.61. The business has a fifty day moving average of $172.84.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last announced its 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. The business had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.Marsh & McLennan Companies's quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be paid a $0.99 dividend. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, July 23rd. Marsh & McLennan Companies's payout ratio is 48.41%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider's stock valued at $8,643,309,000 after acquiring an additional 387,100 shares during the period. State Street Corp acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $4,057,682,000. Capital International Investors purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $2,967,927,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays cut their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. Morgan Stanley dropped their price target on Marsh & McLennan Companies from $180.00 to $175.00 and set an "equal weight" rating for the company in a research report on Monday, July 6th. Piper Sandler cut their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a report on Tuesday, May 26th. Bank of America reduced their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a "market perform" rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $201.94.

Marsh & McLennan Companies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.