The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) hit a new 52-week high and has $73.96 target or 6.00% above today’s $69.77 share price. The 8 months bullish chart indicates low risk for the $36.00B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $73.96 price target is reached, the company will be worth $2.16B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. 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 stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has “Neutral” rating given on Monday, September 21 by Sterne Agee CRT. On Friday, November 4 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm earned “Outperform” rating on Wednesday, January 13 by Keefe Bruyette & Woods. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) earned “Neutral” rating by Credit Suisse on Monday, January 11. The company was upgraded on Monday, November 7 by Sandler O’Neill. RBC Capital Markets maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) on Friday, February 5 with “Outperform” rating. M Partners maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Friday, April 29. M Partners has “Neutral” rating and $65 price target.
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 2016 Q2. 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.
Fisher Asset Management Ltd Llc accumulated 0% or 3,671 shares. Ibm Retirement Fund last reported 68,482 shares in the company. Apriem Advsr holds 200 shares or 0% of its portfolio. Hightower Advsrs Limited Co has 0.06% invested in the company for 66,509 shares. State Treasurer State Of Michigan holds 0.1% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 181,077 shares. Alliancebernstein Limited Partnership last reported 0.08% of its portfolio in the stock. Cibc Ww Markets owns 40,103 shares or 0.01% of their US portfolio. Cornerstone Advsr owns 228 shares or 0.02% of their US portfolio. Deere &, a Illinois-based fund reported 36,243 shares. Hudson Valley Invest Advisors Inc Adv holds 13,416 shares or 0.29% of its portfolio. Hermes Investment Limited accumulated 0.01% or 9,865 shares. Joel Isaacson Company Lc owns 1,571 shares or 0.02% of their US portfolio. Thompson Siegel Walmsley Lc has 8,064 shares for 0.01% of their US portfolio. Capital Guardian Communications holds 1.43% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 2.72 million shares. Moreover, Royal London Asset Mgmt Limited has 0.2% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 176,189 shares.
Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 6 insider sales for $14.77 million net activity. MOCZARSKI ALEXANDER S sold $1.50 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, August 15. Zaffino Peter sold $1.33 million worth of stock. $758,348 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares were sold by Gilbert E Scott. $690,010 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares were 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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