Economy

Marsh & McLennan tops Street 3Q forecasts

The financial services provider reported $0.79 EPS for the quarter, beating the Zacks' consensus estimate of $0.78 by $0.01. The company has market cap of $23.38 billion. Active traders may be carefully tracking the indicator to see if the position is pointing to the stock as a sell. Acrospire Investment Management LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 84.75% of the company's stock. It closed at $81.36 lastly. About 3.17 million shares traded or 84.30% up from the average. At the time of writing, the 14-day ADX for Marsh & Mclennan Companies (MMC) is 36.65. (NYSE:MMC) had its target price upped by Barclays PLC from $92.00 to $93.00 in a research report released on Monday, October 16th. It has underperformed by 0.45% the S&P500. After a recent check, the 14-day RSIfor Marsh & Mclennan Companies (MMC) is now at 40.24, the 7-day stands at 24.10, and the 3-day is sitting at 8.33.

Marsh & Mclennan Companies (MMC) shares are moving today on volatility -2.97% or -2.51 from the open. Marsh & McLennan Companies's payout ratio is 41.44%. (NYSE:MMC) has risen 16.25% since October 26, 2016 and is uptrending. Finally, BidaskClub downgraded shares of Marsh & McLennan Companies from a "hold" rating to a "sell" rating in a research note on Saturday, August 26th. Therefore 62% are positive.

According to Zacks, "Marsh & McLennan's exposure to currency volatility due to huge worldwide presence, and integration risks from acquisitions raises concern". The stock has "Buy" rating by Wells Fargo on Friday, April 28. The stock has "Hold" rating by Jefferies on Friday, October 13. BMO Capital Markets reiterated a "market perform" rating and set a $74.00 price target (up from $73.00) on shares of Marsh & McLennan Cos.in a research note on Wednesday, August 3rd. The firm has "Buy" rating given on Monday, November 7 by Sandler O'Neill. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has "Buy" rating given on Thursday, July 27 by RBC Capital Markets. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.31 billion. Tompkins Financial Corp grew its stake in Marsh & McLennan Companies by 10.9% in the 2nd quarter.

Investors sentiment decreased to 1.19 in 2017 Q2. Its up 0.08, from 0.89 in 2017Q1. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Advantus Mngmt, a Minnesota-based fund reported 51,934 shares. Plante Moran Advisors Limited holds 0.02% or 380 shares. Suntrust Banks holds 0.05% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Mariner Wealth Ltd Liability Corp has 2,757 shares for 0.01% of their portfolio. Neuberger Berman Grp Ltd owns 160,347 shares or 0.02% of their USA portfolio. Wetherby Asset holds 0.07% or 5,038 shares. Finally, CWM LLC boosted its stake in shares of Marsh & McLennan Companies by 0.7% in the second quarter. Also Nasdaq.com published the news titled: "Marsh & McLennan Companies, Inc". Grove Bank & Trust boosted its stake in shares of Marsh & McLennan Companies by 5.6% in the second quarter. (NYSE:MMC) rating on Friday, June 16. (MMC) stake by 16.5% reported in 2017Q2 SEC filing. (NYSE:MMC) for 64,135 shares. Dnb Asset As accumulated 72,095 shares or 0% of the stock.

Since May 16, 2017, it had 0 buys, and 1 insider sale for $13.64 million activity. Baldwin Brothers Ma stated it has 286 shares. 114.55 million shares or 3.72% less from 118.98 million shares in 2017Q1 were reported. Keybank Association Oh holds 0.06% of its portfolio in Ameriprise Financial, Inc. The company's effective capital management via share buyback and dividend payment also remains impressive. Denali Advsrs Limited Company has invested 2.52% in General Motors Company (NYSE:GM). City holds 0.02% or 1,230 shares. Hsbc Public Limited Company owns 3.22M shares. Earnings per share serves as an indicator of a company's profitability. Badgley Phelps Bell reported 138,705 shares stake.

Other equities research analysts also recently issued research reports about the company. The stock gained 0.3 percent over the past month and rose 24.97 percent year-to-date. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Therefore 46% are positive. Five Below had 43 analyst reports since September 3, 2015 according to SRatingsIntel. Jefferies maintained Marsh & McLennan Companies, Inc. M Partners maintained it with "Neutral" rating and $65 target in Friday, April 29 report. As per Tuesday, July 25, the company rating was maintained by RBC Capital Markets. The rating was maintained by Canaccord Genuity on Thursday, September 21 with "Hold". On Thursday, August 17 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Barclays PLC now has an overweight rating on the financial services provider's stock.

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