Marsh & McLennan Cos. Hits New 52-Week High at $44.84 (MMC)
Shares of Marsh & McLennan Cos. (NYSE:MMC) hit a new 52-week high during mid-day trading on Wednesday, ARN reports. The stock traded as high as $44.84 and last traded at $44.73, with a volume of 2,037,690 shares trading hands. The stock had previously closed at $43.85.
MMC has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of Marsh & McLennan Cos. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Cos. in a research note to investors on Monday, October 7th. They now have a $46.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Marsh & McLennan Cos. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Monday, October 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.32.
Marsh & McLennan Cos. has a 52 week low of $33.09 and a 52 week high of $44.63. The stock has a 50-day moving average of $42.84 and a 200-day moving average of $40.80. The company has a market cap of $24.689 billion and a price-to-earnings ratio of 18.79.
Marsh & McLennan Cos. (NYSE:MMC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.05. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the company posted $0.61 earnings per share. Marsh & McLennan Cos.’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Marsh & McLennan Cos. will post $2.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, October 9th.
Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
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