Marsh & McLennan Companies, Inc. (MMC) Expected to Post Earnings of $0.95 Per Share

Analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to report $0.95 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $0.92 to $0.97. Marsh & McLennan Companies reported earnings per share of $0.89 during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full-year earnings of $3.82 per share for the current financial year, with EPS estimates ranging from $3.79 to $3.84. For the next fiscal year, analysts expect that the business will report earnings of $4.29 per share, with EPS estimates ranging from $4.10 to $4.60. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Marsh & McLennan Companies.

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

A number of analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $88.00 target price on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $93.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Deutsche Bank downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 4th. Wells Fargo & Co set a $91.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.08.

In other Marsh & McLennan Companies news, Director Marc D. Oken purchased 1,235 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, October 30th. The stock was 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 owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel S. Glaser sold 618,557 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total value of $51,216,519.60. Following the transaction, the insider now owns 279,367 shares of the company’s stock, valued at approximately $23,131,587.60. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Marsh & McLennan Companies by 4,831.1% during the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock worth $272,958,000 after acquiring an additional 3,430,257 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 71.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock worth $494,967,000 after acquiring an additional 2,460,107 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Marsh & McLennan Companies by 35.2% during the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after acquiring an additional 1,747,201 shares during the period. Capital International Investors boosted its holdings in shares of 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 worth $1,047,658,000 after acquiring an additional 1,212,799 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 worth $614,221,000 after acquiring an additional 836,047 shares during the period. Institutional investors and hedge funds own 85.90% of the company’s stock.

Marsh & McLennan Companies (MMC) traded up $0.52 during trading hours on Friday, hitting $82.08. The company had a trading volume of 2,552,400 shares, compared to its average volume of 2,030,000. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $41,890.00, a P/E ratio of 22.49, a P/E/G ratio of 1.48 and a beta of 1.01. Marsh & McLennan Companies has a twelve month low of $67.32 and a twelve month high of $86.54.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 41.10%.

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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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