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NEW YORK—Mark C. McGivney, Chief Financial Officer of Marsh & McLennan Companies, Inc. (NYSE:MMC), recently sold 10,510 shares of the company’s common stock. The transaction, completed on March 10, was executed at an average price of $234.97 per share, amounting to a total value of approximately $2.47 million.
Following this sale, McGivney retains direct ownership of 33,678 shares in the company. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest.
Marsh & McLennan, a leading professional services firm in the areas of risk, strategy, and people, continues to be a significant player in the insurance brokerage and consulting sectors. The company’s stock is traded on the New York Stock Exchange under the ticker symbol MMC.
In other recent news, Marsh & McLennan reported strong fourth-quarter 2024 results, with earnings per share (EPS) of $1.87, surpassing the forecast of $1.77. The company also exceeded revenue expectations, posting $6.07 billion compared to the anticipated $5.93 billion. In a strategic move, Mercer (NASDAQ:MERC), a subsidiary of Marsh & McLennan, announced its agreement to acquire SECOR Asset Management, a global investment firm, with the deal expected to close in the second quarter of 2025. Analyst opinions on Marsh & McLennan have varied recently, with Raymond (NSE:RYMD) James raising its price target for the company to $250, maintaining a Strong Buy rating, while Keefe, Bruyette & Woods downgraded their target to $210 with an Underperform rating. Goldman Sachs reiterated a Sell rating, setting a price target at $204, citing challenges in achieving growth and margin estimates. Marsh & McLennan’s recent acquisition of McGriff is anticipated to be modestly accretive to adjusted EPS for 2025, with more significant contributions expected in 2026. The company has been active in mergers and acquisitions, investing $9.4 billion in 2024, including the McGriff acquisition, and plans to deploy $4.5 billion in capital in 2025. These developments highlight Marsh & McLennan’s ongoing efforts to expand its market position and enhance its financial performance.
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