MMC Stock Summary and Trading Ideas (Marsh & Mclennan Companies | NYSE:MMC)

Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the U.S.

Marsh & Mclennan Companies trades on the NYSE stock market under the symbol MMC.

As of May 8, 2024, MMC stock price climbed to $204.32 with 242,789 million shares trading.

MMC has a beta of 0.31, meaning it tends to be less sensitive to market movements. MMC has a correlation of 0.07 to the broad based SPY ETF.

MMC has a market cap of $100.67 billion. This is considered a Large Cap stock.

Last quarter Marsh & Mclennan Companies reported $6 billion in Revenue and $2.89 earnings per share. This beat revenue expectation by $83 million and exceeded earnings estimates by $.09.

In the last 3 years, MMC stock traded as high as $209.20 and as low as $131.96.

The top ETF exchange traded funds that MMC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

MMC has underperformed the market in the last year with a price return of +15.5% while the SPY ETF gained +26.9%. However, in the short term, MMC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.8% vs +4.1% return in SPY. But in the last 2 weeks, MMC shares have been beat by the market, returning +1.3% compared to an SPY return of +2.2%.

MMC support price is $201.81 and resistance is $205.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMC stock will trade within this expected range on the day.