Marsh & McLennan Companies (MMC) : Traders are bullish on Marsh & McLennan Companies (MMC) as it has outperformed the S&P 500 by a wide margin of 0.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.14% in the last 1 week, and is up 1.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.37% and the 50-Day Moving Average is 1.56%. Marsh & McLennan Companies (NYSE:MMC): stock turned positive on Friday. Though the stock opened at $67.56, the bulls momentum made the stock top out at $67.56 level for the day. The stock recorded a low of $67.26 and closed the trading day at $67.39, in the green by 0.03%. The total traded volume for the day was 1,436,354. The stock had closed at $67.37 in the previous days trading.
The company Insiders own 1.51% of Marsh & McLennan Companies shares according to the proxy statements. Institutional Investors own 86.8% of Marsh & McLennan Companies shares. During last six month period, the net percent change held by insiders has seen a change of -15.97%. Also, Deutsche Bank maintains its rating on Marsh & McLennan Companies (NYSE:MMC). The global brokerage major raises the current price target from $67 per share to $71 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on July 29, 2016.
Marsh and McLennan Companies, Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer, provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments, and Oliver Wyman Group, provides specialized management and economic and brand consulting services.