Marsh & McLennan Companies (NYSE:MMC) : 9 Wall Street analysts covering Marsh & McLennan Companies (NYSE:MMC) believe that the average level the stock could reach for the short term is $65.11. The maximum price target given is $71 and the minimum target for short term is around $61, hence the standard deviation is calculated at $2.85.
Shares of Marsh & McLennan Companies, Inc. rose by 0.81% in the last five trading days and 3.46% for the last 4 weeks. Marsh & McLennan Companies, Inc. is up 12.13% in the last 3-month period. Year-to-Date the stock performance stands at 24.85%.
Marsh & McLennan Companies (NYSE:MMC) : 14 analysts are covering Marsh & McLennan Companies (NYSE:MMC) and their average rating on the stock is 2.07, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Marsh & McLennan Companies (NYSE:MMC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Marsh & McLennan Companies (NYSE:MMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.06 and $66.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.46, notching a gain of 2.53% for the day. The total traded volume was 3,668,525 . The stock had closed at $66.77 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Marques Maria Silvia Bastos, director of Marsh & Mclennan Companies, Inc., had unloaded 001 shares at an average price of $66.17 in a transaction dated on June 1, 2016. The total value of the transaction was worth $066.
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.