Marsh & McLennan Cos. Inc. (NYSE:MMC) finished Friday with a subtraction of -$3.1 to close at $190.30, a downside of -1.60 percent. An average of 1,490,300 shares of common stock have been traded in the last five days. There was a fall of -$5.21 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 1,318,155 shares traded, while the 50-day average volume stands at 1,364,602.
MMC stock has decreased by -2.98% in the last month. The company shares reached their 1-month lowest point of $189.30 on 09/29/23. With the stock rallying to its 52-week high on 09/20/23, shares of the company touched a low of $148.13 and a high of $199.20 in 52 weeks. It has reached a new high 29 times so far this year and achieved 15.00% or $24.82 in price. In spite of this, the price is down -4.47% from the 52-week high.
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Insider Transactions
MMC stock investors should be aware that Marsh & McLennan Cos. Inc. (MMC) stock had its last reported insider trading activity 32 days ago on Aug 29. In this transaction, the insider spent $584,700. President & CEO, Guy Carpenter, Klisura Dean Michael, disposed of 12,976 shares at a price of $192.20 on Jul 26. The insider now owns more than $2,494,013 worth of shares. Prior to that, Chief Financial Officer MCGIVNEY MARK C went on to Sale 70,106 shares at $185.53 each on Jun 29. An amount of $13,006,584 was transacted.
Valuation Metrics
Marsh & McLennan Cos. Inc. (MMC) has a trailing price-to-earnings (P/E) ratio of 29.01. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.36, the price-to-book (PB) ratio at 7.86, and the price-to-cash flow ratio at 31.09.
Financial Health
Further, the company has a long term debt to equity ratio of 1.00 and a total debt to equity ratio of 1.22 for the quarter ending June 29. Its gross profit as reported stood at $4.28 billion compared to revenue of $20.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Marsh & McLennan Cos. Inc.’s return on assets was 8.20%.
Earnings Surprise
For the three-month period that ended June 29, Marsh & McLennan Cos. Inc. had $10.25 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.03 billion in the quarter, while revenues of $1.24 billion were grew 6.57%. The analyst consensus anticipated Marsh & McLennan Cos. Inc.’s latest quarter earnings to come in at $2.12 per share, but it turned out to be $2.2, a 3.80% surprise. For the quarter, EBITDA amounted to $1.64 billion. At the end of the quarter ending June 29, Marsh & McLennan Cos. Inc.’s stock balance sheet showed total debt was $14.63 billion. Shareholders own equity worth $493.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Marsh & McLennan Cos. Inc. (MMC) price momentum. RSI 9-day as of the close on 29 September was 29.01%, suggesting the stock is oversold, with historical volatility in this time frame at 9.37%.
As of today, MMC’s price is $193.12 -2.66% or -$5.21 from its 5-day moving average. MMC is currently trading -2.41% lower than its 20-day SMA and +5.60% higher than its 100-day SMA. However, the stock’s current price level is +0.58% above the SMA50 and +9.98% above the SMA200.
The stochastic %K and %D were 17.80% and 20.48%, respectively, and the average true range (ATR) was 2.59. With the 14-day stochastic at 10.10% and the average true range at 2.47, the RSI (14) stands at 37.75%. The stock has reached -2.43 on the 9-day MACD Oscillator while the 14-day reading was at -3.35.
Analyst Ratings
BofA Securities upgraded Marsh & McLennan Cos. Inc. (NYSE: MMC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Marsh & McLennan Cos. Inc. (MMC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MMC, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is MMC’s price target for the next 12 months?
Analysts predict a range of price targets between $190.00 and $220.00, with a median target of $201.00. Taking a look at these predictions, the average price target given by analysts for Marsh & McLennan Cos. Inc. (MMC) stock is $202.22.
