Marsh & McLennan Companies (MMC) Receiving Somewhat Positive News Coverage, Report Shows
News articles about Marsh & McLennan Companies (NYSE:MMC) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marsh & McLennan Companies earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.7705037602431 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Is technical analysis on Marsh & McLennan Companies, Inc. (MMC) is useful? – Wall Street Morning (wallstreetmorning.com)
- Marsh & McLennan Companies, Inc. (MMC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Marsh & McLennan CEO’s Motto: There is No Innovation Without Dissent (finance.yahoo.com)
- In Search of Innovation, This CEO Encourages Dissent (finance.yahoo.com)
- Analysts recommended an average rating score of 2.30 for Marsh & McLennan Companies, Inc. (MMC) – Wall Street Morning (wallstreetmorning.com)
Marsh & McLennan Companies (NYSE:MMC) traded up $0.85 during mid-day trading on Wednesday, hitting $81.59. The company had a trading volume of 761,417 shares, compared to its average volume of 1,780,292. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $41,210.00, a price-to-earnings ratio of 22.35, a PEG ratio of 1.71 and a beta of 1.01. Marsh & McLennan Companies has a 1-year low of $66.75 and a 1-year high of $86.54.
Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. research analysts predict that Marsh & McLennan Companies will post 3.82 EPS for the current fiscal year.
Several research firms have weighed in on MMC. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $93.00 target price on shares of Marsh & McLennan Companies in a report on Friday, December 8th. UBS Group lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a report on Monday, December 4th. They set a “neutral” rating and a $88.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 target price on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $86.00.
In other news, Director Marc D. Oken acquired 1,235 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $80.89 per share, with a total value of $99,899.15. Following the acquisition, the director now directly owns 40,120 shares in the company, valued at approximately $3,245,306.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total value of $51,216,519.60. Following the completion of the transaction, the insider now directly owns 279,367 shares in the company, valued at $23,131,587.60. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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