Q1 2018 EPS Estimates for Marsh & McLennan Companies, Inc. (MMC) Raised by Analyst
Marsh & McLennan Companies, Inc. (NYSE:MMC) – Analysts at William Blair boosted their Q1 2018 EPS estimates for shares of Marsh & McLennan Companies in a research report issued to clients and investors on Thursday. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $1.22 per share for the quarter, up from their previous forecast of $1.18. William Blair also issued estimates for Marsh & McLennan Companies’ Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $1.02 EPS, FY2018 earnings at $4.20 EPS, Q1 2019 earnings at $1.30 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $0.94 EPS and FY2019 earnings at $4.53 EPS.
MMC has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Wells Fargo & Company set a $91.00 price target on Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 4th. Barclays lifted their price target on Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $84.39.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the business earned $0.69 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.76%. Marsh & McLennan Companies’s payout ratio is currently 41.10%.
In other news, Director Marc D. Oken bought 1,235 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the transaction, the director now directly owns 40,120 shares in the company, valued at approximately $3,245,306.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.46% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC increased its holdings in Marsh & McLennan Companies by 2.6% in the second quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 217 shares during the last quarter. PICTET BANK & TRUST Ltd bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $1,454,000. Whittier Trust Co. increased its holdings in Marsh & McLennan Companies by 17.7% in the third quarter. Whittier Trust Co. now owns 10,655 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 1,600 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in Marsh & McLennan Companies in the second quarter valued at about $4,338,000. Finally, Rothschild Investment Corp IL acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $1,713,000. Institutional investors and hedge funds own 86.00% of the company’s stock.
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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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