Raymond James analyst Charles Peters initiated coverage with a Buy rating on Marsh & Mclennan Companies (MMC) today and set a price target of $130.00. The company’s shares closed last Friday at $109.91.
According to TipRanks.com, Peters is a 4-star analyst with an average return of 8.2% and a 63.5% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Hallmark Financial Services.
Marsh & Mclennan Companies has an analyst consensus of Hold, with a price target consensus of $123.88.
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The company has a one-year high of $120.97 and a one-year low of $74.34. Currently, Marsh & Mclennan Companies has an average volume of 1.65M.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MMC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Marsh & McLennan Cos., Inc. is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company conducts business in this segment through Marsh and Guy Carpenter. The Consulting segment includes health, wealth & career services & products, specialized management, economic and brand consulting services. The firm conducts business in this segment through Mercer and Oliver Wyman Group. Marsh & McLennan Cos was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY.
