Marsh & McLennan Companies Inc.’s latest rating changes from various analysts

CHWY Stock
CHWY Stock

Marsh & McLennan Companies Inc.’s filing revealed that its President & CEO, Guy Carpenter Klisura Dean Michael unloaded Company’s shares for reported $2.49 million on Jul 26. In the deal valued at $192.20 per share,12,976 shares were sold. As a result of this transaction, Klisura Dean Michael now holds 20,935 shares worth roughly $ 4.07 million.

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Then, MCGIVNEY MARK C sold 70,106 shares, generating $13,006,584 in total proceeds. Upon selling the shares at $185.53, the Chief Financial Officer now owns 33,678 shares.

Before that, FANJUL OSCAR sold 5,500 shares. Marsh & McLennan Companies Inc. shares valued at $988,460 were divested by the Director at a price of $179.72 per share. As a result of the transaction, FANJUL OSCAR now holds 64,616 shares, worth roughly $12.55 million.

BofA Securities upgraded its Marsh & McLennan Companies Inc. [MMC] rating to a Neutral from a an Underperform in a research note published on Friday, July 21, 2023; the price target was increased to $210 from $189. PT values the company’s stock at a premium of 7.52 to its Friday closing price.

Price Performance Review of MMC

On Friday, Marsh & McLennan Companies Inc. [NYSE:MMC] saw its stock jump 1.26% to $194.21. On the same session, the stock had its day’s lowest price of $192.30, but rose to a high of $195.04. Over the last five days, the stock has gained 2.84%. Marsh & McLennan Companies Inc. shares have risen nearly 17.36% since the year began. Nevertheless, the stocks have risen 15.42% over the past one year. While a 52-week high of $194.16 was reached on 08/25/23, a 52-week low of $148.11 was recorded on 03/15/23. SMA at 50 days reached $187.99, while 200 days put it at $174.70. A total of 1.16 million shares were traded, compared to the trading of 1.07 million shares in the previous session.

Levels Of Support And Resistance For MMC Stock

The 24-hour chart illustrates a support level at 192.66, which if violated will result in even more drops to 191.11. On the upside, there is a resistance level at 195.40. A further resistance level may holdings at 196.59. The Relative Strength Index (RSI) on the 14-day chart is 64.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.10%. Stochastics %K at 76.15% indicates the stock is a holding.

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 Aug 14, 2023, growing by 0.43 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.31 million shares. There was a rise of 15.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.8.

According to FactSet, Marsh & McLennan Companies Inc.’s share price will average $201.28 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.54 percent from its previous closing price of $191.79. Analysts expect Marsh & McLennan Companies Inc. stock to reach the higher price of $220.00, while the lowest price estimate is $188.00. However, 21 analysts have rated MMC stock as an Overweight in their predictions for 2023.


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