A new trading day began on Monday, with Marsh & McLennan Cos., Inc. (NYSE: MMC) stock price down -0.39% from the previous day of trading, before settling in for the closing price of $209.97. MMC’s price has ranged from $171.47 to $210.13 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 8.88%. Meanwhile, its annual earnings per share averaged 9.05%. With a float of $492.26 million, this company’s outstanding shares have now reached $492.72 million.
The extent of productivity of a business whose workforce counts for 85000 workers is very important to gauge.
Marsh & McLennan Cos., Inc. (MMC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance Brokers Industry. The insider ownership of Marsh & McLennan Cos., Inc. is 0.11%, 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) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 2.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Marsh & McLennan Cos., Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.43. Likewise, its price to free cash flow for the trailing twelve months is 26.58.
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)
The latest stats from [Marsh & McLennan Cos., Inc., MMC] show that its last 5-days average volume of 1.37 million was inferior to 1.67 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.82%. Additionally, its Average True Range was 2.44.
During the past 100 days, Marsh & McLennan Cos., Inc.’s (MMC) raw stochastic average was set at 94.53%, which indicates a significant increase from 90.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 8.15% in the past 14 days, which was lower than the 13.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $203.33, while its 200-day Moving Average is $196.78. Now, the first resistance to watch is $210.12. This is followed by the second major resistance level at $211.09. The third major resistance level sits at $211.72. If the price goes on to break the first support level at $208.52, it is likely to go to the next support level at $207.89. Assuming the price breaks the second support level, the third support level stands at $206.92.
Marsh & McLennan Cos., Inc. (NYSE: MMC) Key Stats
With a market capitalization of 103.06 billion, the company has a total of 492,724K Shares Outstanding. Currently, annual sales are 22,736 M while annual income is 3,756 M. The company’s previous quarter sales were 6,473 M while its latest quarter income was 1,400 M.
