Checking in on Marsh & McLennan Companies Inc. (MMC) after recent insiders movement


Marsh & McLennan Companies Inc.’s filing revealed that its President & CEO, Guy Carpenter Klisura Dean Michael unloaded Company’s shares for reported $0.52 million on Mar 06. In the deal valued at $165.22 per share,3,140 shares were sold. As a result of this transaction, Klisura Dean Michael now holds 20,935 shares worth roughly $ 3.25 million.

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Then, MCGIVNEY MARK C sold 11,531 shares, generating $1,872,750 in total proceeds. Upon selling the shares at $162.41, the Chief Financial Officer now owns 33,678 shares.

Before that, Mills Stacy sold 1,276 shares. Marsh & McLennan Companies Inc. shares valued at $207,235 were divested by the Vice President and Controller at a price of $162.41 per share. As a result of the transaction, Mills Stacy now holds 2,923 shares, worth roughly $0.45 million.

MKM Partners reiterated its Marsh & McLennan Companies Inc. [MMC] rating to a Neutral in a research note published on Monday, January 30, 2023; the price target was $175. PT values the company’s stock at a premium of 11.28 to its Monday closing price. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid January with a ‘”a Market perform”‘ rating. Jefferies also remained covering MMC and has decreased its forecast on January 09, 2023 with a “Hold” recommendation from previously “Buy” rating. Credit Suisse started covering the stock on December 23, 2022. It rated MMC as “a Neutral”.

Price Performance Review of MMC

On Monday, Marsh & McLennan Companies Inc. [NYSE:MMC] saw its stock fall -1.23% to $155.26. On the same session, the stock had its day’s lowest price of $154.605, but rose to a high of $158.48. Over the last five days, the stock has lost -6.05%. Marsh & McLennan Companies Inc. shares have fallen nearly -6.18% since the year began. Nevertheless, the stocks have risen 2.49% over the past one year. While a 52-week high of $183.14 was reached on 02/01/23, a 52-week low of $143.33 was recorded on 03/13/23. SMA at 50 days reached $168.39, while 200 days put it at $162.53. A total of 2.36 million shares were traded, compared to the trading of 2.14 million shares in the previous session.

Levels Of Support And Resistance For MMC Stock

The 24-hour chart illustrates a support level at 153.75, which if violated will result in even more drops to 152.24. On the upside, there is a resistance level at 157.63. A further resistance level may holdings at 159.99. The Relative Strength Index (RSI) on the 14-day chart is 26.43, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.05%. Stochastics %K at 5.97% indicates the stock is a buying.

How much short interest is there in Marsh & McLennan Companies Inc.?

A steep rise in short interest was recorded in Marsh & McLennan Companies Inc. stocks on Jan 12, 2023, dropping by -0.36 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.96 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.42.

Marsh & McLennan Companies Inc. [MMC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 41,638,490 shares, or roughly 8.42% of the outstanding MMC shares. In other words, the investor’s shares have risen by 166,376 from its previous 13-F filing of 41472114.0. Additionally, BlackRock Fund Advisors increased 8.47% of its stake after which the total value it holdings stand at $4,397,214,587, while SSgA Funds Management, Inc. reduced -0.66% of its stake to hold $3.55 billion in the firm. Over the last quarter, Capital Research & Management Co sold -7,265 shares of Marsh & McLennan Companies Inc., while Capital Research & Management Co sold -15,250 shares. At present, Fidelity Management & Research Co is holding 15,927,209 shares valued at $2.58 billion. Wellington Management Co. LLP owned 14,690,553 shares of the company at the time of its most recent 13F filing, worth $2.38 billion.

According to FactSet, Marsh & McLennan Companies Inc.’s share price will average $184.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.05 percent from its previous closing price of $157.20. Analysts expect Marsh & McLennan Companies Inc. stock to reach the higher price of $207.00, while the lowest price estimate is $168.00. However, 20 analysts have rated MMC stock as a Hold in their predictions for 2023. The most recent change occurred on December 15, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $185 price target.


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