Wall Street analysts predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report $0.78 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $0.75 to $0.80. Marsh & McLennan Companies reported earnings per share of $0.69 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.85. For the next financial year, analysts anticipate that the firm will post earnings of $4.15 per share, with EPS estimates ranging from $4.00 to $4.24. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year.

MMC has been the subject of a number of analyst reports. Barclays PLC raised their price objective on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Morgan Stanley restated an “equal weight” rating and set a $80.00 price objective (up from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. BidaskClub lowered shares of Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. raised their price objective on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $82.73.

Marsh & McLennan Companies (NYSE:MMC) traded up 0.18% on Friday, reaching $84.44. 1,435,752 shares of the company traded hands. Marsh & McLennan Companies has a one year low of $62.33 and a one year high of $84.74. The stock’s 50 day moving average price is $82.53 and its 200 day moving average price is $78.10. The company has a market capitalization of $43.28 billion, a PE ratio of 23.33 and a beta of 1.01.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be paid a $0.375 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.78%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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In other news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the sale, the senior vice president now directly owns 68,427 shares in the company, valued at $5,290,091.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in MMC. Thrivent Financial For Lutherans grew its stake in shares of Marsh & McLennan Companies by 6.5% in the first quarter. Thrivent Financial For Lutherans now owns 19,100 shares of the financial services provider’s stock worth $1,411,000 after acquiring an additional 1,160 shares during the period. Global X Management Co. LLC grew its stake in shares of Marsh & McLennan Companies by 37.5% in the first quarter. Global X Management Co. LLC now owns 4,215 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 1,149 shares during the period. Putnam FL Investment Management Co. grew its stake in shares of Marsh & McLennan Companies by 3.8% in the first quarter. Putnam FL Investment Management Co. now owns 222,565 shares of the financial services provider’s stock worth $16,445,000 after acquiring an additional 8,203 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth approximately $60,210,000. Finally, Guardian Life Insurance Co. of America grew its stake in shares of Marsh & McLennan Companies by 1.8% in the first quarter. Guardian Life Insurance Co. of America now owns 1,989 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 84.73% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Earnings History and Estimates for Marsh & McLennan Companies (NYSE:MMC)

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