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In a recent transaction, Nicholas Mark Studer, President and CEO of OWG at Marsh & McLennan Companies, Inc. (NYSE:MMC), sold a significant portion of his holdings in the company. On March 12, Studer sold 49,390 shares of common stock at an average price of $230.1629 per share, totaling approximately $11.4 million.
In addition to the sale, Studer acquired shares through the exercise of stock options. The options were exercised at prices ranging from $57.325 to $200.468, resulting in a total acquisition value of approximately $7.8 million. These transactions reflect a series of exercises and subsequent sales, part of Studer’s ongoing management of his equity holdings in the company. InvestingPro subscribers can access exclusive insights on insider trading patterns and 12+ additional ProTips that help evaluate the significance of such transactions.
The transactions were executed to satisfy the exercise price and tax withholding obligations, as noted in the filing. Following these transactions, Studer now holds 28,329 shares of Marsh & McLennan common stock.
In other recent news, Marsh McLennan declared a quarterly dividend of $0.815 per share, reflecting its ongoing commitment to returning value to shareholders. The dividend will be paid on May 15, 2025, to shareholders of record as of April 3, 2025. Additionally, Mercer (NASDAQ:MERC), a division of Marsh McLennan, announced plans to acquire SECOR Asset Management, with the acquisition expected to be completed in the second quarter of 2025, pending regulatory approvals. Analyst activity has also been notable, with Raymond (NSE:RYMD) James increasing its price target for Marsh McLennan to $250 while maintaining a Strong Buy rating, citing potential for organic growth and margin expansion. Conversely, Keefe, Bruyette & Woods reduced its price target to $210 and maintained an Underperform rating, due to anticipated lower margins and organic growth. Goldman Sachs reiterated a Sell rating with a price target of $204, highlighting challenges in achieving consensus growth and margin estimates. Despite these varied assessments, Goldman Sachs raised its organic growth estimates for Marsh McLennan’s segments, attributing this to increased consulting activity. The company’s recent fourth-quarter results showed better-than-expected organic growth, partly driven by flood claim revenues within its Risk and Insurance Services segment.
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