Marsh & McLennan Companies (NYSE:MMC) has tumbled 0.74% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.59% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.45% and the outperformance has advanced to 1.65% for the last 4 weeks period.
Marsh & McLennan Companies (NYSE:MMC): The stock opened at $66.03 on Friday but the bulls could not build on the opening and the stock topped out at $66.08 for the day. The stock traded down to $65.40 during the day, due to lack of any buying support eventually closed down at $65.86 with a loss of -0.23% for the day. The stock had closed at $66.01 on the previous day. The total traded volume was 2,034,718 shares.
The company shares have rallied 10.82% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $66.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $64.94 and the 200 Day Moving Average price is recorded at $59.06.
On the companys insider trading activities, Marques Maria Silvia Bastos, director of Marsh & Mclennan Companies, Inc., unloaded 001 shares at an average price of $66.17 on June 1, 2016. The total amount of the transaction was worth $066, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades its view on Marsh & McLennan Companies (NYSE:MMC) according to the research report released by the firm to its investors. The shares have now been rated Conviction Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Goldman Sachs raises the price target from $59 per share to $66 per share on Marsh & McLennan Companies . The rating by the firm was issued on March 4, 2016. Currently the company Insiders own 1.51% of Marsh & McLennan Companies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.38% . Institutional Investors own 86.91% of Marsh & McLennan Companies shares. During last six month period, the net percent change held by insiders has seen a change of -15.97%.
Marsh and McLennan Companies, Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer, provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments, and Oliver Wyman Group, provides specialized management and economic and brand consulting services.