In yesterday’s Wall Street session, Marsh & McLennan Companies Inc. (NYSE:MMC) shares traded at $174.40, down -2.96% from the previous session.
MMC stock price is now 1.69% away from the 50-day moving average and 4.70% away from the 200-day moving average. The market capitalization of the company currently stands at $85.72B.
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In other news, FANJUL OSCAR, Director sold 5,500 shares of the company’s stock on May 03. The stock was sold for $988,460 at an average price of $179.72. Upon completion of the transaction, the Director now directly owns 64,616 shares in the company, valued at $11.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25, Director FANJUL OSCAR sold 5,500 shares of the business’s stock. A total of $986,596 was realized by selling the stock at an average price of $179.38. This leaves the insider owning 70,116 shares of the company worth $12.23 million. Insiders disposed of 162,353 shares of company stock worth roughly $28.31 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MMC stock. A new stake in Marsh & McLennan Companies Inc. shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $44,898,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $38,891,000 in shares of MMC during the first quarter. In the first quarter, OFI INVEST ASSET MANAGEMENT acquired a new stake in Marsh & McLennan Companies Inc. valued at approximately $33,200,000. ORIBEL CAPITAL MANAGEMENT, LP acquired a new stake in MMC for approximately $29,474,000. BROOKFIELD CORP /ON/ purchased a new stake in MMC valued at around $25,781,000 in the second quarter. In total, there are 1,694 active investors with 90.80% ownership of the company’s stock.
On Tuesday morning Marsh & McLennan Companies Inc. (NYSE: MMC) stock kicked off with the opening price of $178.80. During the past 12 months, Marsh & McLennan Companies Inc. has had a low of $143.33 and a high of $182.43. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $102.88B, which is based on a 27.27 price-to-earnings ratio, a 2.80 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for MMC is $171.89 and a two-hundred day moving average price translates $166.61 for the stock.
The latest earnings results from Marsh & McLennan Companies Inc. (NYSE: MMC) was released for Mar, 2023. According to the Insurance Brokers Company, earnings per share came in at $2.53, beating analysts’ expectations of $2.47 by 0.06. This compares to $2.10 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 30.80% for MMC. The company reported revenue of $5.92 billion for the quarter, compared to $5.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.76 percent. For the current quarter, analysts expect MMC to generate $5.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 04/05/2023 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 1.35% percent yield. There was an ex-dividend date of 04/04/2023 for this dividend. In terms of dividend payout ratio, MMC is presently at 35.60%.
Marsh & McLennan Companies Inc.(MMC) Company Profile
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
