Marsh & McLennan Cos., Inc. (MMC) concluded trading on Thursday at a closing price of $201.73, with 3.63 million shares of worth about $732.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.67% during that period and on April 18, 2024 the price saw a gain of about 2.08%. Currently the company’s common shares owned by public are about 492.01M shares, out of which, 491.19M shares are available for trading.
Stock saw a price change of 1.28% in past 5 days and over the past one month there was a price change of -2.40%. Year-to-date (YTD), MMC shares are showing a performance of 6.47% which increased to 15.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $171.47 but also hit the highest price of $209.20 during that period. The average intraday trading volume for Marsh & McLennan Cos., Inc. shares is 1.71 million. The stock is currently trading -0.37% below its 20-day simple moving average (SMA20), while that difference is down -0.31% for SMA50 and it goes to 3.40% higher than SMA200.
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Marsh & McLennan Cos., Inc. (NYSE: MMC) currently have 492.01M outstanding shares and institutions hold larger chunk of about 91.57% of that.
The stock has a current market capitalization of $99.18B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 25.62, while it has posted earnings per share of $7.88 in the same period. Its PEG reads 4.00 while making debt-to-equity ratio of 1.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MMC, volatility over the week remained 1.52% while standing at 1.30% over the month.
Stock’s fiscal year EPS is expected to rise by 8.61% while it is estimated to increase by 9.37% in next year. EPS is likely to shrink at an annualized rate of 6.40% for next 5-years, compared to annual growth of 18.44% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on April 17, 2024 offering a Neutral rating for the stock and assigned a target price of $211 to it. Coverage by Wells Fargo stated Marsh & McLennan Cos., Inc. (MMC) stock as an Equal weight in their note to investors on April 11, 2024, suggesting a price target of $212 for the stock. On January 10, 2024, TD Cowen Initiated their recommendations, while on January 08, 2024, Goldman Downgrade their ratings for the stock with a price target of $185. Stock get an Underperform rating from Keefe Bruyette on December 15, 2023.
