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 Stock Performance
Shares of Marsh & McLennan Companies stock opened at $219.37 on Friday. The stock has a market cap of $108.13 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $231.78 and a 200-day simple moving average of $224.63.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the company earned $2.89 EPS. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
The company also recently disclosed 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 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.95%.
Institutional Investors Weigh In On Marsh & McLennan Companies
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock valued at $9,503,120,000 after purchasing an additional 356,618 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after buying an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after acquiring an additional 96,750 shares in the last quarter. Northern Trust Corp increased its stake in Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after acquiring an additional 726,713 shares during the period. Finally, Norges Bank bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,236,186,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently commented on MMC shares. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. UBS Group increased their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.93.
View Our Latest Stock Report on Marsh & McLennan Companies
Insider Buying and Selling at Marsh & McLennan Companies
In related news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the firm'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 transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by corporate 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
(
Get Free Report)
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.
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