RBC Capital Believes Marsh & Mclennan Companies (NYSE: MMC) Still Has Room to Grow

By Jason Carr

RBC Capital analyst Mark Dwelle reiterated a Buy rating on Marsh & Mclennan Companies (NYSE: MMC) on July 27 and set a price target of $85. The company’s shares closed yesterday at $78.68, close to its 52-week high of $81.

According to TipRanks.com, Dwelle is a top 25 analyst with an average return of 15.7% and a 88.2% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Marsh & Mclennan Companies is Strong Buy and the average price target is $85, representing an 8.0% upside.

In a report issued on July 27, Wells Fargo also reiterated a Buy rating on the stock.

Based on Marsh & Mclennan Companies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.5 billion and quarterly net profit of $569 million. In comparison, last year the company earned revenue of $3.37 billion and had a net profit of $472 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Laurie Ledford, the SVP & CHRO of MMC sold 184,305 shares for a total of $13,642,256.

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., engages in the provision of advice and solutions in the areas of risk, strategy, and human capital. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment includes risk management activities, such as risk advice, risk transfer, risk control and mitigation solutions.