Economy

Goldman Sachs Group Begins Coverage on Marsh & McLennan Companies (MMC)

Goldman Sachs Group Begins Coverage on Marsh & McLennan Companies (MMC)

About 874,292 shares traded.

Understanding Profitability at Marsh & McLennan Companies, Inc. The share price has moved forward from its 20 days moving average, trading at a distance of 2.14% and stays 2.05% away from its 50 days moving average. It has underperformed by 0.45% the S&P500.

In other news, Director Marc D. Oken bought 1,235 shares of the company's stock in a transaction on Monday, October 30th. Therefore 54% are positive. The firm's revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year. The company was maintained on Friday, January 29 by Numis Securities. The company was maintained on Thursday, September 28 by JP Morgan. The firm earned "Hold" rating on Wednesday, October 4 by Deutsche Bank. The firm has "Hold" rating by Numis Securities given on Thursday, December 15. The stock of International Paper Company (NYSE:IP) earned "Neutral" rating by Citigroup on Monday, January 25. Jefferies downgraded the shares of IP in report on Tuesday, May 3 to "Hold" rating. State Street Corp increased its stake in shares of Marsh & McLennan Companies by 9.7% in the fourth quarter. Petmed Express Inc (Call) (NASDAQ:PETS) was reduced too. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:MMC) or, if they already own its stock, sell it. Its up 0.08, from 0.89 in 2017Q1. It increased, as 36 investors sold MMC shares while 239 reduced holdings.

Other hedge funds also recently made changes to their positions in the company. Amp Investors Limited stated it has 334,012 shares or 0.15% of all its holdings. It also upped Pandora Media (NYSE:P) stake by 181,173 shares and now owns 564,728 shares. First Tru Advisors LP has 284,611 shares.

More news: Global Biometric Modeling Market Research Report 2017

Horizon Invs Ltd Liability Corporation invested 0.07% of its portfolio in Marsh & McLennan Companies, Inc. Pictet Asset Management Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 3.3% in the second quarter. Zacks Investment Research upgraded Marsh & McLennan Companies from a sell rating to a hold rating and set a $95.00 price target for the company in a report on Monday, October 2nd. (NYSE:MMC) for 19,810 shares. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Mackenzie Financial Corporation reported 0.27% of its portfolio in Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 26th. Ameriprise Fin Inc holds 6.49M shares. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a "buy" rating to a "hold" rating in a report on Friday, October 27th. Therefore 53% are positive. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The rating was maintained by M Partners with "Neutral" on Friday, April 29. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, July 27. The company was maintained on Friday, April 28 by Wells Fargo. The firm earned "Outperform" rating on Wednesday, January 13 by Keefe Bruyette & Woods. Keefe Bruyette & Woods has "Buy" rating and $88.0 target. The firm has "Hold" rating given on Friday, June 16 by Jefferies. UBS downgraded Marsh & McLennan Companies, Inc. (NYSE:MMC). 73,587 are held by Bbva Compass Bancshares Inc.

Investors sentiment increased to 1.2 in 2017 Q2. Its up 0.08, from 0.89 in 2017Q1. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.375 per share. 3 funds opened positions while 3 raised stakes. 338.41 million shares or 0.06% less from 338.61 million shares in 2017Q1 were reported. Stratos Wealth Prtn Limited accumulated 56,421 shares or 0.04% of the stock. Hsbc Public Limited Com has 963,115 shares for 0.14% of their portfolio. Hollencrest Secs Lc has invested 0.03% in PZ Cussons Plc (LON:PZC). Wells Fargo Communication Mn invested in 13,154 shares. 75 are held by Atwood Palmer. Lpl Financial Lc stated it has 40,048 shares or 0% of all its holdings. The New York-based Breithorn Capital Management has invested 3.7% in the stock. Riverpoint Mgmt Ltd owns 272,008 shares. Da Davidson And Comm owns 1,000 shares. Its up 3.65% from 2.59M shares previously. The company has a market capitalization of $39.77 billion, a P/E ratio of 21.73 and a beta of 0.89. It has a 23.76 P/E ratio. The firm also provides dairy products, such as organic yoghurts, and granolas and smoothies under the Nunu and Olympic brands; cooking oils under the brands of Mamador and Devon KingÂ's; edible oils, spreads, vinegars, and cheeses under the Minerva brand name; and baby foods comprising snacks under the RaffertyÂ's Garden brand name. The stock decreased 4.79% or $1.21 during the last trading session, reaching $24.04. About 161,999 shares traded. (NYSE:MMC) has risen 16.25% since December 7, 2016 and is uptrending.

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