Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) Insider Sells 618,557 Shares of Stock

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

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at $81.02 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $66.75 and a 52 week high of $86.54. The company has a market capitalization of $41,370.00, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.60 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.

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

A number of institutional investors and hedge funds have recently bought and sold shares of MMC. BlackRock Inc. raised its holdings in 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 purchasing an additional 3,493,942 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Marsh & McLennan Companies by 4,831.1% in the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock worth $272,958,000 after purchasing an additional 3,430,257 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Marsh & McLennan Companies by 71.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock worth $494,967,000 after purchasing an additional 2,460,107 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Marsh & McLennan Companies by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after purchasing an additional 1,747,201 shares in the last quarter. Finally, USS Investment Management Ltd increased its holdings in shares of Marsh & McLennan Companies by 401.0% during the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock valued at $155,251,000 after acquiring an additional 1,594,047 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

MMC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Royal Bank of Canada reiterated a “buy” rating and set a $93.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Deutsche Bank lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 4th. Wells Fargo & Co set a $91.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

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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.

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

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