Rep. George Whitesides Sells Off Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Representative George Whitesides (D-California) recently sold shares of Marsh & McLennan Companies, Inc. NYSE: MMC. In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $100,001 and $250,000 in Marsh & McLennan Companies stock on March 24th. The trade occurred in the Representative's "GEORGE WHITESIDES INDIVIDUAL" account.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Netflix NASDAQ: NFLX on 3/27/2025.
• Sold $250,001 - $500,000 in shares of Innoviva NASDAQ: INVA on 3/25/2025.
• Sold $100,001 - $250,000 in shares of Linde NASDAQ: LIN on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Procter & Gamble NYSE: PG on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Sandoz Group OTCMKTS: SDZNY on 3/24/2025.
• Sold $15,001 - $50,000 in shares of American Electric Power NASDAQ: AEP on 3/24/2025.
• Sold $50,001 - $100,000 in shares of Medtronic NYSE: MDT on 3/24/2025.
• Sold $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Bank of America NYSE: BAC on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Diageo NYSE: DEO on 3/24/2025.

Marsh & McLennan Companies Trading Up 0.4 %

Marsh & McLennan Companies stock traded up $0.78 during trading hours on Wednesday, reaching $222.78. The company had a trading volume of 927,265 shares, compared to its average volume of 1,873,732. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12-month low of $196.72 and a 12-month high of $248.00. The firm has a market cap of $109.77 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a 50-day moving average price of $231.40 and a 200 day moving average price of $224.57.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the company earned $2.89 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is currently 39.95%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MMC. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $36,000. Ameriflex Group Inc. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $37,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $38,000. Institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MMC. Raymond James reissued an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $241.93.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by company insiders.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California's 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Whitesides (Democratic Party) ran for election to the U.S. House to represent California's 27th Congressional District. He won in the general election on November 5, 2024. George Whitesides earned a bachelor's degree in public and international affairs from Princeton University in 1996 and a master's degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.