The stock of Marsh & McLennan Cos., Inc. (MMC) has gone up by 2.76% for the week, with a -1.33% drop in the past month and a 1.30% rise in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are 1.37% for MMC. The simple moving average for the last 20 days is -0.11% for MMC stock, with a simple moving average of 3.26% for the last 200 days.
Is It Worth Investing in Marsh & McLennan Cos., Inc. (NYSE: MMC) Right Now?
Marsh & McLennan Cos., Inc. (NYSE: MMC) has a higher price-to-earnings ratio of 25.62x compared to its average ratio, The 36-month beta value for MMC is at 0.89. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for MMC is 492.25M, and currently, shorts hold a 0.75% of that float. The average trading volume for MMC on April 24, 2024 was 1.73M shares.
MMC) stock’s latest price update
The stock price of Marsh & McLennan Cos., Inc. (NYSE: MMC) has surged by 0.14 when compared to previous closing price of 201.43, but the company has seen a 2.76% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Marsh & McLennan’s (MMC) first-quarter results benefit on the back of solid Marsh business and higher revenues derived from Health and Wealth businesses, partly offset by higher compensation and benefits expenses.
Analysts’ Opinion of MMC
Many brokerage firms have already submitted their reports for MMC stocks, with Piper Sandler repeating the rating for MMC by listing it as a “Neutral.” The predicted price for MMC in the upcoming period, according to Piper Sandler is $211 based on the research report published on April 17, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see MMC reach a price target of $212. The rating they have provided for MMC stocks is “Equal Weight” according to the report published on April 11th, 2024.
TD Cowen gave a rating of “Market Perform” to MMC, setting the target price at $189 in the report published on January 10th of the current year.
MMC Trading at -0.50% 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 -3.58% of loss for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.92% upper at present.
During the last 5 trading sessions, MMC rose by +2.76%, which changed the moving average for the period of 200-days by +9.63% in comparison to the 20-day moving average, which settled at $201.87. In addition, Marsh & McLennan Cos., Inc. saw 6.46% 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:
- 0.24 for the present operating margin
- 0.43 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 33.55, with 9.57 for asset returns.
Based on Marsh & McLennan Cos., Inc. (MMC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 9.32.
Currently, EBITDA for the company is 6.31 billion with net debt to EBITDA at 2.12. When we switch over and look at the enterprise to sales, we see a ratio of 4.87. The receivables turnover for the company is 3.23for trailing twelve months and the total asset turnover is 0.49.
Conclusion
In conclusion, Marsh & McLennan Cos., Inc. (MMC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
