Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul Sells 6,000 Shares

Marsh & McLennan Companies, Inc. (NYSE:MMCGet Free Report) Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $212.72 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a fifty-two week low of $179.35 and a fifty-two week high of $213.21. The business has a 50 day moving average price of $204.92 and a two-hundred day moving average price of $200.43. The firm has a market cap of $104.81 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.27.

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Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently modified their holdings of MMC. Westover Capital Advisors LLC increased its holdings in Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after buying an additional 53 shares during the last quarter. Evoke Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 53 shares during the last quarter. RDA Financial Network raised its position in shares of Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 53 shares in the last quarter. Optas LLC boosted its holdings in Marsh & McLennan Companies by 2.9% in the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 53 shares during the period. Finally, Strategic Blueprint LLC increased its stake in Marsh & McLennan Companies by 1.6% during the first quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

(Get Free Report)

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

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Insider Buying and Selling by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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