Jim Cramer on Marsh & McLennan Companies, Inc. (MMC): ‘They Just Keep Raising Rates’

Insider Monkey12-14

We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024. In this article, we are going to take a look at where Marsh & McLennan Companies, Inc....

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(MMC): ‘They Just Keep Raising Rates’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 10:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jim-cramer-marsh-mclennan-companies-024648037.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024. In this article, we are going to take a look at where Marsh & McLennan Companies, Inc....</p>\n\n<a href=\"https://finance.yahoo.com/news/jim-cramer-marsh-mclennan-companies-024648037.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0170899867.USD","symbol_name":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/jim-cramer-marsh-mclennan-companies-024648037.html","article_id":"2491453078","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pWhA6A6puU3aH8q.NgZ3Lg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/f4037940e4708592ed3fb31bc66aa059"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491453078","pubTimestamp":1734144408,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024.In this article, we are going to take a look at where Marsh & McLennan Companies, Inc.  stands against the other companies that hit $100 billion in market cap in 2024.Jim Cramer, the host of Mad Money, recently discussed a number of companies that have surpassed $100 billion in market capitalization this year, noting how these companies seem to reflect the current market mood. According to Cramer, it used to be a significant achievement for a company to reach the $100 billion mark, as most companies would never attain that level of market cap.READ ALSO 10 Best Jim Cramer Stocks to Buy According to Analysts and Jim Cramer’s Lightning Rounds: 12 Stocks Under the Spotlight","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","BK4173":"保险经纪商","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4581":"高盛持仓","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4588":"碎股","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","MMC":"威达信集团","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC"},"translate_title":"吉姆·克莱默(Jim Cramer)谈达信麦克伦南公司(MMC)：“他们只是不断加息”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMC":1},"content_text":"We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024. In this article, we are going to take a look at where Marsh & McLennan Companies, Inc. (NYSE:MMC) stands against the other companies that hit $100 billion in market cap in 2024.\nJim Cramer, the host of Mad Money, recently discussed a number of companies that have surpassed $100 billion in market capitalization this year, noting how these companies seem to reflect the current market mood. According to Cramer, it used to be a significant achievement for a company to reach the $100 billion mark, as most companies would never attain that level of market cap.\nREAD ALSO 10 Best Jim Cramer Stocks to Buy According to Analysts and Jim Cramer’s Lightning Rounds: 12 Stocks Under the Spotlight\nHe emphasized the immense effort and determination required to achieve such a feat. However, Cramer pointed out that in today's market, the $100 billion threshold has lost some of its significance, given the recent surge in stock valuations. He highlighted that, as of the market close last Friday, 18 companies had crossed the $100 billion mark in 2024, a notable increase that speaks to the current market dynamics.\nCramer acknowledged that stocks, like everything else, had to contend with inflation, which remains a persistent issue. He went on to say:\n\n“I know we’re experiencing a heightened market, with expectations really running so hot that you can’t believe that a presidential rally, or, let’s say, an end-of-the-year rally and a stock shortage rally are all in play at once. Many of these stocks got clocked today as part of a sell-off that seemed to infect the year’s best performers. I don't know how long it'll last, maybe some great buying opportunities already.”\n\nCramer concluded that the massive influx of capital into the market is a clear driver behind the rise in companies reaching the $100 billion valuation.\n\n“But bottom line: When you get this much money coming in, you can see how all these companies can reach $100 billion, creating a huge amount of wealth, at least on paper. One more reason why it wouldn’t be so bad if some of the winning investors in this market took something delicious off the table.”\n\nOur Methodology\nFor this article, we compiled a list of 18 stocks that were discussed by Jim Cramer during the episode of Mad Money on December 9. We listed the stocks in ascending order of their hedge fund sentiment as of the third quarter, which was taken from Insider Monkey’s database of 900 hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A financial analyst looking at the news, analyzing the trends of the insurance market. \nMarsh & McLennan Companies, Inc. (NYSE:MMC)\nNumber of Hedge Fund Holders: 54\nTalking about Marsh & McLennan Companies, Inc. (NYSE:MMC), Cramer noted that the insurance business is “on fire”.\n\n“... Not to mention insurance broker Marsh & McLennan, that's up 20%. The insurance business is on fire and we know from these egregious CPI numbers, one comes out this Wednesday, they just keep raising rates. These three are winners for certain.”\n\nMarsh & McLennan (NYSE:MMC) is a professional services firm offering advisory and solutions in risk management, strategy, and people-related areas, including insurance and reinsurance broking, analytics, and strategic consulting. On December 11, RBC Capital analyst Scott Heleniak raised the rating on the company stock from Sector Perform to Outperform, with a revised price target of $250, up from $242.\nThe firm considers Marsh a \"high-quality insurance broker\" with strong visibility into robust sales and earnings growth through 2025. The company's diverse business mix offers stability, making it less vulnerable to fluctuations in property and casualty pricing as the cycle progresses. RBC anticipates that the McGriff acquisition will enhance Marsh's position in the middle market and finds the stock's valuation appealing, as it trades at a discount compared to some competitors.\nIn November, Marsh & McLennan (NYSE:MMC) announced its acquisition of McGriff Insurance Services for $7.75 billion, as the industry prepares for increased business spending on policies amid a stronger economic outlook. The company stated that the deal, made through its Marsh McLennan Agency division, is expected to strengthen the unit's offerings in commercial property and casualty, employee benefits, management liability, and personal insurance.\nOverall MMC ranks 13th on our list of the companies that hit $100 billion in market cap in 2024 according to Jim Cramer. While we acknowledge the potential of MMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491453078"}