Wednesday, March 07, 2018 10:15 PM ET
Insiders at Marsh & McLennan Companies (MMC) Make Significant Stock Sales
There was a notable level of insider selling revealed today in filings with the SEC for Marsh & McLennan Companies. Five insiders — Beshar, Glaser, Portalatin, McDonald, and Mills — disposed of 84,127 shares in the company for approximately $6,887,525. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 16,825 shares per transaction.
Relative to its peers over the last 90 days, insider buy/sell trading at Marsh & McLennan Companies is higher than the 22-company peer group average. Multiline Insurance & Brokers peer group saw 6 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Marsh & McLennan Companies insiders was also higher. Within the peer group there were 0 shares purchased and 20,088 shares sold with company insiders having sold 3,348 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Peter J Beshar, Officer, sold 10,567 shares
* Daniel S Glaser, Director and Officer, sold 41,504 shares
* Julio A Portalatin, Officer, sold 10,911 shares
* Scott McDonald, Officer, sold 20,000 shares
* Stacy Mills, Officer, sold 1,145 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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