Marsh & McLennan Cos., Inc. [MMC] stock is trading at $207.90, up 0.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MMC shares have gain 2.09% over the last week, with a monthly amount glided 5.97%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, Marsh McLennan Declares Quarterly Cash Dividend. In a post published today on Yahoo Finance, The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on May 15, 2024 to stockholders of record on April 4, 2024.
From an analyst’s perspective:
Marsh & McLennan Cos., Inc. [NYSE: MMC] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Market Perform rating and assigned the stock a price target of $189. Previously, Goldman downgraded its rating to Sell on January 08, 2024, and kept the price target unchanged to $185. On December 15, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $192 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $226 on October 05, 2023. BofA Securities upgraded its rating to a Neutral and raised its price target to $210 on July 21, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on June 20, 2023, and assigned it a price target of $202. In a note dated June 08, 2023, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $195 to $199.
Marsh & McLennan Cos., Inc. [MMC] stock has fluctuated between $151.86 and $207.74 over the past year. Currently, Wall Street analysts expect the stock to reach $173 within the next 12 months. Marsh & McLennan Cos., Inc. [NYSE: MMC] shares were valued at $207.90 at the most recent close of the market. An investor can expect a potential drop of -16.79% based on the average MMC price forecast.
Analyzing the MMC fundamentals
Marsh & McLennan Cos., Inc. [NYSE:MMC] reported sales of 22.74B for the trailing twelve months, which represents a growth of 9.35%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.32 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 206.65 points at the first support level, and at 205.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.55, and for the 2nd resistance point, it is at 209.20.
Marsh & McLennan Cos., Inc. [MMC] reported earnings per share of $1.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.63/share, meaning a difference of $0.05 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.57 per share as compared to estimates of $1.39 per share, a difference of $0.18 representing a surprise of 12.90%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.49, the price to book ratio is 8.39 and price to earnings (TTM) ratio is 27.63.
Transactions by insiders
Recent insider trading involved Klisura Dean Michael, President & CEO, Guy Carpenter, that happened on Mar 08 ’24 when 9994.0 shares were sold. Chief Marketing Officer, Jones John Jude completed a deal on Mar 07 ’24 to sell 1505.0 shares. Meanwhile, President & CEO, Marsh South Martin sold 14685.0 shares on Mar 06 ’24.
