Marsh & McLennan Cos., Inc. (NYSE: MMC) on Tuesday plunged -0.23% from the previous trading day, before settling in for the closing price of $205.55. Within the past 52 weeks, MMC’s price has moved between $171.47 and $209.20.
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Financial Sector giant saw their annual sales surged by 8.88% over the last five years. The company achieved an average annual earnings per share of 9.05%. With a float of $492.25 million, this company’s outstanding shares have now reached $492.72 million.
The firm has a total of 85000 workers. Let’s measure their productivity.
Marsh & McLennan Cos., Inc. (MMC) Insider Activity
Observing investor behavior towards Insurance Brokers industry stocks is more important than anything else. The insider ownership of Marsh & McLennan Cos., Inc. is 0.10%, while institutional ownership is 91.63%. The most recent insider transaction that took place on Mar 14 ’24, was worth 305,583. In this transaction Vice President and Controller of this company sold 1,461 shares at a rate of $209.16, taking the stock ownership to the 2,923 shares. Before that another transaction happened on Mar 08 ’24, when Company’s President & CEO, Guy Carpenter sold 9,994 for $205.00, making the entire transaction worth $2,048,770. This insider now owns 20,935 shares in total.
Marsh & McLennan Cos., Inc. (MMC) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.2 earnings per share (EPS) for the period topping the consensus outlook (set at 2.12) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.90% during the next five years compared to 18.44% growth over the previous five years of trading.
Marsh & McLennan Cos., Inc. (NYSE: MMC) Trading Performance Indicators
Marsh & McLennan Cos., Inc. (MMC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.34. Likewise, its price to free cash flow for the trailing twelve months is 26.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.87, a number that is poised to hit 2.40 in the next quarter and is forecasted to reach 9.49 in one year’s time.
Technical Analysis of Marsh & McLennan Cos., Inc. (MMC)
Analysing the last 5-days average volume posted by the [Marsh & McLennan Cos., Inc., MMC], we can find that recorded value of 0.92 million was lower than the volume posted last year of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 89.20%. Additionally, its Average True Range was 2.50.
During the past 100 days, Marsh & McLennan Cos., Inc.’s (MMC) raw stochastic average was set at 83.43%, which indicates a significant decrease from 85.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.55% in the past 14 days, which was lower than the 13.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $202.94, while its 200-day Moving Average is $196.40. Now, the first resistance to watch is $206.06. This is followed by the second major resistance level at $207.05. The third major resistance level sits at $208.12. If the price goes on to break the first support level at $204.00, it is likely to go to the next support level at $202.93. Should the price break the second support level, the third support level stands at $201.94.
Marsh & McLennan Cos., Inc. (NYSE: MMC) Key Stats
Market capitalization of the company is 101.04 billion based on 492,724K outstanding shares. Right now, sales total 22,736 M and income totals 3,756 M. The company made 6,473 M in profit during its latest quarter, and 1,400 M in sales during its previous quarter.
