Marsh & McLennan Companies, Inc. (MMC) Trading at $81.44 Forms Double Bottom

June 26, 2018 - By Sarah Holford

Marsh & McLennan Companies, Inc. (NYSE:MMC) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.84. That’s change of 0.21, from 2017Q4’s 1.05. 48 investors sold all, 252 reduced holdings as Marsh & McLennan Companies, Inc. ratio turned negative. 179 increased stakes while 74 funds amassed stakes. Funds hold 417.43 million shares thus 0.42% less from 2017Q4’s 419.18 million shares.
Mackay Shields Lc holds 0.04% in Marsh & McLennan Companies, Inc. (NYSE:MMC) or 85,903 shs. Brown Advisory Incorporated reported 0.06% stake. Polaris Greystone Grp Limited Liability Co stated it has 0.94% of its capital in Marsh & McLennan Companies, Inc. (NYSE:MMC). Regents Of The University Of California invested 0.79% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Parallax Volatility Advisers Ltd Partnership invested in 27,145 shs. Blackrock reported 0.15% stake. 53,116 were accumulated by Lafayette Invs. Rbf Capital Llc owns 15,000 shs. Hm Payson holds 0.03% of its capital in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 7,458 shs. Florida-based Jackson Wealth Mngmt Ltd Liability Co has invested 0.29% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Moreover, Hilltop has 0.06% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 4,106 shs. Sigma Planning Corporation reported 3,048 shs. Eaton Vance accumulated 258,173 shs. 22,276 are held by New Vernon Inv Limited. Segall Bryant And Hamill Limited Liability has invested 0.41% in Marsh & McLennan Companies, Inc. (NYSE:MMC).

Marsh & McLennan Companies, Inc. had 8 selling transactions and 0 insider purchases since February 5, 2018. This’s net activity of $14.03 million. McDonald Scott sold $1.64M worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, March 5. Portalatin Julio A had sold 10,911 shs worth $893,273. Beshar Peter J sold $863,821 worth of stock or 10,567 shs. Glaser Daniel S sold $3.40 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) or 41,504 shs on Monday, March 5. Mills Stacy also sold $94,972 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, March 5. The insider Gilbert E Scott sold 52,782 shs worth $4.29 million.

Marsh & McLennan Companies, Inc. (MMC) chart forms a double bottom technical pattern with $74.11 Target. That’s 9.00 % below today’s $81.44 share price. The technical pattern reviews high risk. Finviz.com reported it on Jun, 26. The valuation of MMC can change by $3.72B if our $74.11 Target is touched.

Ticker’s shares touched $81.44 during the last trading session after 0.56% change.Currently Marsh & McLennan Companies, Inc. is uptrending after 6.23% change in last June 26, 2017. MMC has also 360,647 shares volume. MMC underperformed the S&P500 by 6.34%.

Marsh & McLennan Companies, Inc. (NYSE:MMC) is awaited to announce earnings on July, 26., Faxor reports. The earnings per share diference is $0.11 or 11.00 % up from last years number. Previous year: $1; Analysts forcast: $1.11. If MMC’s EPS is $1.11 the profit will reach $563.19M for 18.34 P/E. Wall Street now forecasts -19.57 % negative EPS growth despite Marsh & McLennan Companies, Inc. previous quarter’s EPS of $1.38.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Ratings Coverage

In total 5 analysts cover Marsh & Mclennan Companies (NYSE:MMC). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. (NYSE:MMC) has 80% bullish analysts. With $103 highest and $91.0 lowest target price, Marsh & Mclennan Companies has $95.20 average target price or 16.90% above the current ($81.44) price. 5 are the (NYSE:MMC)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. In Friday, February 9 report Citigroup maintained the stock with “Buy” rating. In Tuesday, February 20 report Barclays Capital maintained the stock with “Overweight” rating. On Thursday, February 1 the stock has “Buy” rating by Sandler O’Neill. On Friday, February 2 the stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has “Buy” rating given by RBC Capital Markets. The stock rating was maintained by Jefferies with “Hold” on Monday, February 5.

More recent Marsh & McLennan Companies, Inc. (NYSE:MMC) news were posted by Streetinsider.com, Nasdaq.com and Investorplace.com. The first one has “Marsh & McLennan (MMC) Reports Acquisition of Wortham Insurance” as a title and was posted on June 25, 2018. The next is “Nasdaq and Celent Publish Global C-Suite Study on Capital Markets Infrastructure Technology” on June 26, 2018. And last was posted on June 26, 2018, called “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan”.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Institutional Investors Chart

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