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J.P. Morgan Maintains Their Hold Rating on Marsh & Mclennan Companies (MMC)

In a report issued on July 6, Jimmy Bhullar from J.P. Morgan maintained a Hold rating on Marsh & Mclennan Companies (MMCResearch Report), with a price target of $177.00. The company’s shares closed last Thursday at $156.49.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 7.9% and a 56.1% success rate. Bhullar covers the Financial sector, focusing on stocks such as Ryan Specialty Group, Travelers Companies, and Hartford Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marsh & Mclennan Companies with a $180.82 average price target, a 14.5% upside from current levels. In a report issued on July 1, RBC Capital also maintained a Hold rating on the stock with a $185.00 price target.

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Based on Marsh & Mclennan Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.55 billion and net profit of $1.07 billion. In comparison, last year the company earned revenue of $5.08 billion and had a net profit of $983 million.

Based on the recent corporate insider activity of 61 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 Companies, Inc. is a professional services company offering risk consulting, risk and insurance services, and employee benefits consulting services to clients worldwide. Under its Marsh and Guy Carpenter brands, it offers risk management, insurance and reinsurance broking and services. The Consulting division involves offering specialized management, economic and brand consulting services, andhealth, wealth & career services & products. The business unit runs under the Mercer and Oliver Wyman Group brands.

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