The price of Marsh & McLennan Companies Inc. (NYSE:MMC) shares last traded on Wall Street rose 0.48% to $193.40.
Based on available information, 22 analysts follow Marsh & McLennan Companies Inc. (NYSE:MMC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $185.00, we find $200.50. Given the previous closing price of $192.47, this indicates a potential upside of 4.17 percent. MMC stock price is now 6.56% away from the 50-day moving average and 13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $94.56B.
Among analysts, 14 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $200.94 as their price target over the next twelve months.
With the price target enhanced from $189 to $210, BofA Securities Upgraded its rating from Underperform to Neutral for Marsh & McLennan Companies Inc. (NYSE: MMC).
In other news, MCGIVNEY MARK C, Chief Financial Officer sold 70,106 shares of the company’s stock on Jun 29. The stock was sold for $13,006,584 at an average price of $185.53. Upon completion of the transaction, the Chief Financial Officer now directly owns 33,678 shares in the company, valued at $6.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Director FANJUL OSCAR sold 5,500 shares of the business’s stock. A total of $988,460 was realized by selling the stock at an average price of $179.72. This leaves the insider owning 64,616 shares of the company worth $12.5 million. Insiders disposed of 238,084 shares of company stock worth roughly $46.05 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MMC stock. A new stake in Marsh & McLennan Companies Inc. shares was purchased by ALPHINITY INVESTMENT MANAGEMENT PTY LTD during the first quarter worth $311,780,000. VIKING GLOBAL INVESTORS LP invested $49,789,000 in shares of MMC during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Marsh & McLennan Companies Inc. valued at approximately $43,128,000. ORIBEL CAPITAL MANAGEMENT, LP acquired a new stake in MMC for approximately $32,685,000. BROOKFIELD CORP /ON/ purchased a new stake in MMC valued at around $28,590,000 in the second quarter. In total, there are 1,694 active investors with 90.80% ownership of the company’s stock.
A candlestick chart of Marsh & McLennan Companies Inc. (NYSE: MMC) showed a price of $192.73 on Tuesday morning. During the past 12 months, Marsh & McLennan Companies Inc. has had a low of $148.11 and a high of $194.16. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $108.53B, which is based on a 29.49 price-to-earnings ratio, a 2.81 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for MMC is $181.75 and a two-hundred day moving average price translates $170.81 for the stock.
The latest earnings results from Marsh & McLennan Companies Inc. (NYSE: MMC) was released for Jun, 2023. According to the Insurance Brokers Company, earnings per share came in at $2.2, beating analysts’ expectations of $2.12 by 0.08. This compares to $1.93 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 30.50% for MMC. The company reported revenue of $5.88 billion for the quarter, compared to $5.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.24 percent. For the current quarter, analysts expect MMC to generate $5.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/27/2023 were paid a $0.71 dividend. On an annualized basis, this represents a $2.84 dividend and a 1.47% percent yield. There was an ex-dividend date of 07/26/2023 for this dividend. In terms of dividend payout ratio, MMC is presently at 35.60%.
Marsh & McLennan Companies Inc.(MMC) Company Profile
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
