Noteworthy Price Action: Marsh & McLennan Companies, Inc. on Focus After Trading At All-Time Highs

Noteworthy Price Action: Marsh & McLennan Companies, Inc. on Focus After Trading At All Time Highs

The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) reached all time high today, Nov, 25 and still has $75.35 target or 8.00% above today’s $69.77 share price. This indicates more upside for the $36.00 billion company. This technical setup was reported by Barchart.com. If the $75.35 PT is reached, the company will be worth $2.88 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.45% or $0.31 during the last trading session, hitting $69.77. About 927,550 shares traded hands. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 11.69% since April 22, 2016 and is uptrending. It has outperformed by 6.28% the S&P500.

Analysts await Marsh & McLennan Companies, Inc. (NYSE:MMC) to report earnings on February, 2 before the open. They expect $0.84 earnings per share, up 18.31% or $0.13 from last year’s $0.71 per share. MMC’s profit will be $433.42 million for 20.76 P/E if the $0.84 EPS becomes a reality. After $0.69 actual earnings per share reported by Marsh & McLennan Companies, Inc. for the previous quarter, Wall Street now forecasts 21.74% EPS growth.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Ratings Coverage

Out of 7 analysts covering Marsh & McLennan (NYSE:MMC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Marsh & McLennan has been the topic of 11 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sandler O’Neill given on Monday, November 7. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, January 13. BMO Capital Markets upgraded the stock to “Outperform” rating in Friday, November 4 report. The company was maintained on Friday, February 5 by RBC Capital Markets. As per Monday, September 21, the company rating was initiated by Sterne Agee CRT. M Partners maintained it with “Neutral” rating and $65 target price in Friday, April 29 report. As per Monday, January 11, the company rating was downgraded by Credit Suisse.

According to Zacks Investment Research, “Marsh & McLennan is primarily a holding company which, through its subsidiaries and affiliates, provides clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. MMC Enterprise Risk provides advanced risk consulting services and transactional solutions on enterprise. MMC CAPITAL is a global private equity firm that invests in industries where MMC possesses specialized knowledge and proprietary deal flow.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.04, from 1.16 in 2016Q1. The ratio increased, as 34 funds sold all Marsh & McLennan Companies, Inc. shares owned while 192 reduced positions. 61 funds bought stakes while 201 increased positions. They now own 434.48 million shares or 2.84% less from 447.19 million shares in 2016Q1.
Signature has 0.71% invested in the company for 22,251 shares. Bahl Gaynor accumulated 436,220 shares or 0.39% of the stock. Wall Street Access Asset Limited Liability has invested 0.12% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). First Manhattan holds 0% or 4,100 shares in its portfolio. Moreover, Keybank Association Oh has 0.01% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 27,452 shares. Mufg Americas Holdings has invested 0.02% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). The New York-based Glg Lc has invested 0.08% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Texas Permanent School Fund accumulated 0.15% or 169,110 shares. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.01% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Caisse De Depot Et Placement Du Quebec holds 0.01% or 63,002 shares in its portfolio. Euclid Advisors Ltd Com reported 133,562 shares or 0.4% of all its holdings. Proshare Advsrs Limited Liability Corporation has 0.11% invested in the company for 128,000 shares. Gsa Cap Prtn Llp has 0.07% invested in the company for 17,406 shares. Blackrock Group has 5.29M shares for 0.19% of their US portfolio. Macguire Cheswick And Tuttle Counsel Lc accumulated 2.85% or 186,646 shares.

Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 6 insider sales for $14.77 million net activity. MOCZARSKI ALEXANDER S had sold 22,230 shares worth $1.50 million. Gilbert E Scott also sold $758,348 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Friday, November 18. The insider Zaffino Peter sold $7.11 million. Another trade for 10,000 shares valued at $690,010 was sold by RAPPORT ROBERT J.

More news for Marsh & McLennan Companies, Inc. (NYSE:MMC) were recently published by: Reuters.com, which released: “BRIEF-Marsh & Mclennan Companies Q3 adjusted earnings per share $0.69” on October 25, 2016. Gurufocus.com‘s article titled: “Marsh & Mclennan Companies Inc (MMC) Chairman, RIS and CEO, Marsh Peter …” and published on November 10, 2016 is yet another important article.

MMC Company Profile

Marsh & McLennan Companies, Inc., incorporated on March 17, 1969, is a professional services firm offering clients advice and solutions in risk, strategy and people. The Firm is the parent firm of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a well-known provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy. The Firm provides analysis, advice and transactional capabilities to clients in approximately 130 countries. The Firm operates through two divisions: Risk and Insurance Services and Consulting.

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