$3.58 Billion in Sales Expected for Marsh & McLennan Companies, Inc. (MMC) This Quarter

Analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to post sales of $3.58 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $3.51 billion to $3.62 billion. Marsh & McLennan Companies reported sales of $3.36 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full-year sales of $3.58 billion for the current year, with estimates ranging from $13.85 billion to $13.96 billion. For the next year, analysts expect that the business will post sales of $14.64 billion per share, with estimates ranging from $14.41 billion to $14.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS.

A number of analysts have recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research note on Monday, December 4th. They issued a “neutral” rating and a $88.00 price target for the company. Jefferies Group reaffirmed a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target for the company in a research note on Monday, October 2nd. Finally, UBS Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.00.

In other news, Director Marc D. Oken purchased 1,235 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the acquisition, the director now directly owns 40,120 shares of the company’s stock, valued at $3,245,306.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel S. Glaser sold 618,557 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the sale, the insider now owns 279,367 shares in the company, valued at approximately $23,131,587.60. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Marsh & McLennan Companies by 9.3% during the second quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock valued at $3,192,520,000 after acquiring an additional 3,493,942 shares during the period. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 2.6% during the second quarter. Vanguard Group Inc. now owns 34,936,066 shares of the financial services provider’s stock valued at $2,723,616,000 after purchasing an additional 875,454 shares in the last quarter. Capital International Investors grew its position in Marsh & McLennan Companies by 10.7% during the third quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock valued at $1,047,658,000 after purchasing an additional 1,212,799 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Marsh & McLennan Companies by 0.6% during the second quarter. Artisan Partners Limited Partnership now owns 7,758,692 shares of the financial services provider’s stock valued at $604,868,000 after purchasing an additional 44,184 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Marsh & McLennan Companies by 12.9% during the third quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock valued at $614,221,000 after purchasing an additional 836,047 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Shares of Marsh & McLennan Companies (MMC) opened at $82.30 on Friday. The firm has a market cap of $42,000.00, a P/E ratio of 22.55, a PEG ratio of 1.57 and a beta of 1.01. Marsh & McLennan Companies has a one year low of $66.75 and a one year high of $86.54. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.

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Marsh & McLennan Companies Company Profile

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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