Wells Fargo Keeps a Hold Rating on Marsh & Mclennan Companies (MMC)


In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Hold rating on Marsh & Mclennan Companies (MMC). The company’s shares closed last Monday at $113.51, close to its 52-week high of $120.97.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 10.1% and a 65.7% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, United Insurance Holdings, and Arthur J Gallagher & Co.

The word on The Street in general, suggests a Hold analyst consensus rating for Marsh & Mclennan Companies with a $122.13 average price target.

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Based on Marsh & Mclennan Companies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.97 billion and net profit of $316 million. In comparison, last year the company earned revenue of $3.97 billion and had a net profit of $303 million.

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.

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