The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) hit a new 52-week high and has $94.63 target or 37.00% above today’s $69.07 share price. The 6 months bullish chart indicates low risk for the $35.66 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $94.63 price target is reached, the company will be worth $13.19B 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 2.02% or $1.37 during the last trading session, hitting $69.07. About 1.96 million shares traded hands. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 8.63% since April 15, 2016 and is uptrending. It has outperformed by 4.01% the S&P500.
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. On Friday, February 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Wednesday, January 13. Credit Suisse downgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Monday, January 11. Credit Suisse has “Neutral” rating and $54.0 price target. On Monday, November 7 the stock rating was upgraded by Sandler O’Neill to “Buy”. M Partners maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) on Friday, April 29 with “Neutral” rating. The stock has “Outperform” rating given by BMO Capital Markets on Friday, November 4. On Monday, September 21 the stock rating was initiated by Sterne Agee CRT with “Neutral”.
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 1.16 in 2016 Q2. Its up 0.20, from 0.96 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.
Torray Ltd Co owns 191,181 shares or 0.99% of their US portfolio. Janus Management Ltd Liability last reported 2.21M shares in the company. Fjarde Ap has invested 0.19% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Meiji Yasuda Asset Mgmt Limited reported 17,511 shares or 0.17% of all its holdings. Adage Cap Prtnrs Gru Limited Liability reported 776,804 shares or 0.15% of all its holdings. Lazard Asset Mgmt Lc has 56,333 shares for 0.01% of their US portfolio. Ubs Asset Mgmt Americas reported 2.15 million shares or 0.17% of all its holdings. Finemark National Bank & Trust And holds 15 shares or 0% of its portfolio. The Ontario – Canada-based Barometer Capital has invested 0.57% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Catalyst Advsr Limited Liability Corporation reported 42,025 shares or 0.53% of all its holdings. First Amer Commercial Bank holds 0.08% or 11,428 shares in its portfolio. Pggm Invests, a Netherlands-based fund reported 492,022 shares. Signature Fincl Incorporated reported 22,251 shares or 0.71% of all its holdings. Advantus Management Inc holds 0.1% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 50,991 shares. Homrich & Berg reported 5,043 shares or 0.03% of all its holdings.
Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 4 insider sales for $13.32 million net activity. The insider Glaser Daniel S sold $10.52 million. On Monday, August 15 the insider MOCZARSKI ALEXANDER S sold $1.50M. Zaffino Peter sold $7.11M worth of stock or 109,279 shares.
Another recent and important Marsh & McLennan Companies, Inc. (NYSE:MMC) news was published by Gurufocus.com which published an article titled: “Marsh & Mclennan Companies Inc (MMC) Chairman, RIS and CEO, Marsh Peter …” on November 10, 2016.
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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