FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Dean Michael Klisura, President and CEO of Guy Carpenter, a subsidiary of Marsh & McLennan Companies, Inc. (NYSE:MMC), executed a series of stock transactions on March 31, according to a recent SEC filing. Klisura sold 9,569 shares of common stock at a price of $245 per share, totaling approximately $2.34 million. This sale was part of a pre-established Rule 10b5-1 trading plan.
In a related transaction, Klisura also exercised stock options to acquire 9,569 shares at a price of $83.046 per share, with a total value of $794,667. These options were originally granted on February 21, 2018, and fully vested by February 2022.
Following these transactions, Klisura holds 20,935.48 shares of Marsh & McLennan’s common stock.
In other recent news, Marsh McLennan announced a quarterly dividend of $0.815 per share, reflecting its ongoing commitment to returning value to shareholders. Additionally, Mercer (NASDAQ:MERC), a subsidiary of Marsh McLennan, plans to acquire SECOR Asset Management, a firm with $21.5 billion in assets under management, aiming to enhance its investment solutions for institutional investors. Analyst activity has been notable, with Raymond (NSE:RYMD) James raising its price target for Marsh McLennan to $250, citing potential for higher organic growth and margin expansion. In contrast, Keefe, Bruyette & Woods reduced their price target to $210, pointing to lower expected margins and organic growth in certain segments. Goldman Sachs maintained a Sell rating with a price target of $204, expressing concerns over Marsh McLennan’s margins and free cash flow trajectory despite acknowledging some positive trends in organic growth. These developments highlight a mix of strategic moves and varied analyst perspectives on Marsh McLennan’s financial outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.