Marsh & McLennan Cos. (NYSE:MMC) Chairman Peter Zaffino sold 109,279 shares of Marsh & McLennan Cos. stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $65.08, for a total value of $7,111,877.32. Following the sale, the chairman now directly owns 203,352 shares of the company’s stock, valued at $13,234,148.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Peter Zaffino also recently made the following trade(s):

  • On Thursday, October 27th, Peter Zaffino sold 21,087 shares of Marsh & McLennan Cos. stock. The shares were sold at an average price of $63.16, for a total value of $1,331,854.92.

Marsh & McLennan Cos. (NYSE:MMC) opened at 67.78 on Monday. Marsh & McLennan Cos. has a 52-week low of $50.81 and a 52-week high of $68.69. The firm’s 50-day moving average price is $65.52 and its 200 day moving average price is $65.98. The firm has a market cap of $34.95 billion, a PE ratio of 20.85 and a beta of 0.85.

Marsh & McLennan Cos. (NYSE:MMC) last announced its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company earned $3.14 billion during the quarter, compared to the consensus estimate of $3.25 billion. Marsh & McLennan Cos. had a return on equity of 25.27% and a net margin of 12.95%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Cos. will post $3.37 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.01%. Marsh & McLennan Cos.’s payout ratio is 41.85%.

Several institutional investors have recently modified their holdings of MMC. USA Financial Portformulas Corp bought a new position in shares of Marsh & McLennan Cos. during the third quarter valued at approximately $2,906,000. Profund Advisors LLC boosted its position in shares of Marsh & McLennan Cos. by 2.6% in the third quarter. Profund Advisors LLC now owns 13,305 shares of the company’s stock valued at $895,000 after buying an additional 342 shares during the last quarter. BOKF NA boosted its position in shares of Marsh & McLennan Cos. by 4.5% in the third quarter. BOKF NA now owns 23,239 shares of the company’s stock valued at $1,563,000 after buying an additional 993 shares during the last quarter. Morgan Stanley boosted its position in shares of Marsh & McLennan Cos. by 32.9% in the third quarter. Morgan Stanley now owns 1,864,860 shares of the company’s stock valued at $125,412,000 after buying an additional 462,113 shares during the last quarter. Finally, Nichols Asset Management LLC boosted its position in shares of Marsh & McLennan Cos. by 4.5% in the third quarter. Nichols Asset Management LLC now owns 23,610 shares of the company’s stock valued at $1,588,000 after buying an additional 1,010 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. BMO Capital Markets raised Marsh & McLennan Cos. from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $75.00 to $76.00 in a report on Friday, November 4th. They noted that the move was a valuation call. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Deutsche Bank AG boosted their target price on Marsh & McLennan Cos. from $67.00 to $71.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research raised Marsh & McLennan Cos. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, October 3rd. Finally, Sandler O’Neill raised Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Marsh & McLennan Cos. currently has an average rating of “Buy” and an average target price of $69.25.

Marsh & McLennan Cos. Company Profile

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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

5 Day Chart for NYSE:MMC

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