As of Wednesday close, Marsh & McLennan Companies Inc.’s (NYSE:MMC) stock was down -$0.46, moving down -0.23 percent to $196.15. The average number of shares traded per day over the past five days has been 1,353,800 shares. 5 times new highs have been achieved over the past 5 days, with a $4.07 gain in that time frame. In the last twenty days, the average volume was 1,159,210, while in the previous 50 days, it was 1,446,520.
Since last month, MMC stock rose 3.40%. Shares of the company fell to $187.31 on 07/31/23, the lowest level in the past month. A 52-week high of $196.68 was reached on 08/30/23 after having rallying from a 52-week low of $148.11. Since the beginning of this year, MMC’s stock price has risen by 18.53% or $30.67, and marked a new high 25 times. However, the stock has declined by -0.27% since its 52-week high.
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MMC stock investors should be aware that Marsh & McLennan Companies Inc. (MMC) stock had its last reported insider trading activity 2 days ago on Aug 29. FANJUL OSCAR, the Director of the company, disposed of 3,000 shares for $194.90 on Aug 29. It resulted in a $584,700 divestment by the insider. Klisura Dean Michael sold 12,976 shares at an average price of $192.20 on Jul 26. The insider now owns 20,935 shares following the transaction. On Jun 29, Chief Financial Officer MCGIVNEY MARK C sold 70,106 shares at $185.53 apiece. The transaction was valued at $13,006,584.
Valuation Metrics
Right now, Marsh & McLennan Companies Inc. (MMC) has a P/E ratio of about 29.91. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 4.43, the price-to-book (PB) ratio of 8.12, and the price-to-cash flow ratio of 30.70 may also be considered.
The latest dividend of $0.71 per share was paid out, which is 20.34% more than last year’s $0.59. On Tuesday July 11 2023, a $0.12 dividend increase was announced.
Financial Health
In the three months ended June 29, Marsh & McLennan Companies Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.86, and the total debt-to-equity ratio was 1.06. In the year ended June 29, operating margins totaled 21.60%. Based on annual data, MMC earned $4.28 billion in gross profit and brought in $20.72 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.90%. Return on equity (ROE) for the past 12 months was 30.50%.
In Marsh & McLennan Companies Inc.’s quarter-end financial report for June 29, it reported total debt of $10.25 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MMC’s revenue rose 8.56% to $5.94 billion during the quarter, while net income inched up to $5.89 billion. While analysts expected Marsh & McLennan Companies Inc. to report $2.12 quarterly earnings, the actual figure was $2.2 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated $1.64 billion in EBITDA. The value of shareholders’ equity is $493.95 million.
Technical Picture
This quick technical analysis looks at Marsh & McLennan Companies Inc.’s (MMC) price momentum. With a historical volatility rate of 8.20%, the RSI 9-day stood at 72.46% on 30 August.
With respect to its five-day moving average, the current Marsh & McLennan Companies Inc. price is up by +2.12% percent or $4.07. At present, MMC shares trade +2.70% above its 20-day simple moving average and +15.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.34% above its SMA50 and +16.49% above its SMA200.
Stochastic coefficient K was 93.15% and Stochastic coefficient D was 90.72%, while ATR was 2.35. Given the Stochastic reading of 83.97% for the 14-day period, the RSI (14) reading has been calculated as 67.72%. As of today, the MACD Oscillator reading stands at 3.27, while the 14-day reading stands at 3.96.
Analyst Ratings
BofA Securities upgraded its rating on Marsh & McLennan Companies Inc. (NYSE: MMC) to a Neutral in a note to investors on July 21, 2023. The analysts firm previously had an Underperform rating on the stock.Marsh & McLennan Companies Inc. (MMC) has been rated Overweight by analysts. According to 0 brokerage firms, MMC is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Marsh & McLennan Companies Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $200.50, the current consensus forecast for the stock is $188.00 – $220.00. Based on these forecasts, analysts predict Marsh & McLennan Companies Inc. (MMC) will achieve an average price target of $201.28.
