Marsh & McLennan Companies, Inc. (NYSE:MMC) shares were up 0.15% on Friday when approximately 1.96M shares were traded, against the average daily trading volume of 1.88M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Marsh & McLennan Companies, Inc. (NYSE:MMC) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 5 have assigned a hold rating, 3 says it’s a buy, and 7 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $73.53 in the 12-month period. The price objective is 6.80% higher than the recent closing price of $68.85. The 52-week price range is $50.22-$69.42 and the company has a market capitalization of $35.50 billion.
Marsh & McLennan Companies, Inc. (MMC) on January 10, 2017 announced that it has priced $500 million of 2.750% senior notes due 2022 (the “2022 Notes”) and $500 million of 4.350% senior notes due 2047 (the “2047 Notes,” together with the 2022 Notes, the “Notes”). The Company intends to use the net proceeds for general corporate purposes. The closing of the Notes offering is expected to occur on January 12, 2017, subject to certain customary conditions. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., ANZ Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the 2022 Notes offering. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the 2047 Notes offering. BNP Paribas Securities Corp., BNY Mellon Capital Markets, LLC, Scotia Capital (USA) Inc. and The Williams Capital Group, L.P. are acting as co-managers for the 2022 Notes offering and GC Securities, a division of MMC Securities LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC are acting as co-managers for the 2047 Notes offering.
An effective shelf registration statement related to the Notes has previously been filed with the Securities and Exchange Commission (the “SEC”). The offering and sale of the Notes are being made by means of a prospectus supplement and an accompanying base prospectus related to the offering. Before you invest, you should read the prospectus supplement and the base prospectus for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR or the SEC website at www.sec.gov; alternatively, copies may be obtained from: Merrill Lynch, Pierce, Fenner & Smith Incorporated at NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, by email at dg.prospectus_requests@baml.com or by telephone at 1-800-294-1322 and (ii) Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, telephone: 1-800- 503-4611 or by email at prospectus.cpdg@db.com.
