Marsh & McLennan Cos., Inc. (MMC) Shares Down Despite Recent Market Volatility

Marsh & McLennan Cos., Inc. (NYSE: MMC)’s stock price has gone decline by -0.40 in comparison to its previous close of 203.89, Zacks Investment Research reported 2024-03-18 that Marsh & McLennan (MMC) gains from strong segmental contribution, better rate hikes and solid growth in operating cash flows.

Is It Worth Investing in Marsh & McLennan Cos., Inc. (NYSE: MMC) Right Now?

Marsh & McLennan Cos., Inc. (NYSE: MMC) has a price-to-earnings ratio of 26.99x that is above its average ratio. Additionally, the 36-month beta value for MMC is 0.90. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”

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The public float for MMC is 491.00M and currently, short sellers hold a 0.79% ratio of that float. The average trading volume of MMC on April 03, 2024 was 1.67M shares.

MMC’s Market Performance

MMC stock saw an increase of 0.00% in the past week, with a monthly gain of 0.53% and a quarterly increase of 7.18%. The volatility ratio for the week is 0.92%, and the volatility levels for the last 30 days are 1.06% for Marsh & McLennan Cos., Inc. (MMC).. The simple moving average for the past 20 days is -1.03% for MMC’s stock, with a 4.68% simple moving average for the past 200 days.

Analysts’ Opinion of MMC

Many brokerage firms have already submitted their reports for MMC stocks, with TD Cowen repeating the rating for MMC by listing it as a “Market Perform.” The predicted price for MMC in the upcoming period, according to TD Cowen is $189 based on the research report published on January 10, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see MMC reach a price target of $185. The rating they have provided for MMC stocks is “Sell” according to the report published on January 08th, 2024.

Keefe Bruyette gave a rating of “Underperform” to MMC, setting the target price at $192 in the report published on December 15th of the previous year.

MMC Trading at 1.11% from the 50-Day Moving Average

After a stumble in the market that brought MMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.93% of loss for the given period.

Volatility was left at 1.06%, however, over the last 30 days, the volatility rate increased by 0.92%, as shares surge +0.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.00% upper at present.

During the last 5 trading sessions, MMC remain unchanged, which changed the moving average for the period of 200-days by +14.03% in comparison to the 20-day moving average, which settled at $205.26. In addition, Marsh & McLennan Cos., Inc. saw 7.18% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MMC starting from Mills Stacy, who sale 1,461 shares at the price of $209.16 back on Mar 14 ’24. After this action, Mills Stacy now owns 2,923 shares of Marsh & McLennan Cos., Inc., valued at $305,583 using the latest closing price.

Klisura Dean Michael, the President & CEO, Guy Carpenter of Marsh & McLennan Cos., Inc., sale 9,994 shares at $205.00 during a trade that took place back on Mar 08 ’24, which means that Klisura Dean Michael is holding 20,935 shares at $2,048,770 based on the most recent closing price.

Stock Fundamentals for MMC

Current profitability levels for the company are sitting at:

  • 0.23 for the present operating margin
  • 0.42 for the gross margin

The net margin for Marsh & McLennan Cos., Inc. stands at 0.17. The total capital return value is set at 0.19. Equity return is now at value 33.08, with 9.22 for asset returns.

Based on Marsh & McLennan Cos., Inc. (MMC), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 9.14.

Currently, EBITDA for the company is 6.31 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 4.92. The receivables turnover for the company is 3.54for trailing twelve months and the total asset turnover is 0.47.

Conclusion

In conclusion, Marsh & McLennan Cos., Inc. (MMC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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