Marsh & McLennan Companies Executive Sells $724,492 in Stock (MMC)
Marsh & McLennan Companies (NYSE:MMC) MMC Executive Committee member Scott Mcdonald sold 14,076 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $51.47, for a total transaction of $724,491.72. Following the completion of the sale, he now directly owns 13,248 shares of the company’s stock, valued at approximately $681,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MMC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Wednesday. They now have a $55.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at RBC Capital raised their price target on shares of Marsh & McLennan Companies from $56.00 to $57.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.07.
Marsh & McLennan Companies (NYSE:MMC) traded down 0.33% on Friday, hitting $50.60. The stock had a trading volume of 2,059,646 shares. Marsh & McLennan Companies has a one year low of $40.94 and a one year high of $53.55. The stock has a 50-day moving average of $51.77 and a 200-day moving average of $49.32. The company has a market cap of $27.628 billion and a P/E ratio of 19.74.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.04. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies will post $2.80 EPS for the current fiscal year.
Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
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