Marsh & McLennan Companies, Inc. (MMC) Insider Daniel S. Glaser Sells 618,557 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) insider Daniel S. Glaser sold 618,557 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now directly owns 279,367 shares in the company, valued at $23,131,587.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded down $1.41 during mid-day trading on Thursday, hitting $80.71. 3,270,640 shares of the company’s stock traded hands, compared to its average volume of 1,788,281. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. Marsh & McLennan Companies, Inc. has a 52-week low of $66.75 and a 52-week high of $86.54. The stock has a market capitalization of $42,114.64, a P/E ratio of 21.95, a PEG ratio of 1.75 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Marsh & McLennan Companies by 9.3% in the second quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock worth $3,192,520,000 after buying an additional 3,493,942 shares during the period. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 2.6% in the second quarter. Vanguard Group Inc. now owns 34,936,066 shares of the financial services provider’s stock worth $2,723,616,000 after buying an additional 875,454 shares during the period. Capital International Investors increased its stake in shares of Marsh & McLennan Companies by 10.7% in the third quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock worth $1,047,658,000 after buying an additional 1,212,799 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Marsh & McLennan Companies by 0.6% in the second quarter. Artisan Partners Limited Partnership now owns 7,758,692 shares of the financial services provider’s stock worth $604,868,000 after buying an additional 44,184 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Marsh & McLennan Companies by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock worth $614,221,000 after buying an additional 836,047 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Several research analysts have commented on MMC shares. Royal Bank of Canada reissued a “buy” rating and set a $93.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, December 8th. Wells Fargo & Company set a $91.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research note on Monday, October 2nd. Finally, Jefferies Group reissued a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $86.42.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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