Marsh & McLennan Companies (MMC) to Release Earnings on Thursday

Marsh & McLennan Companies (NYSE:MMC) will be issuing its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 EPS. On average, analysts expect Marsh & McLennan Companies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marsh & McLennan Companies Stock Down 1.6 %

MMC opened at $201.14 on Thursday. Marsh & McLennan Companies has a one year low of $167.81 and a one year high of $209.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $99.27 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. The company has a fifty day moving average price of $202.30 and a 200-day moving average price of $196.53.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 37.72%.

Wall Street Analyst Weigh In

MMC has been the subject of several research reports. TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price target on the stock. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $203.00.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares in the company, valued at approximately $2,012,065.77. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Hedge funds have recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $48,000. Almanack Investment Partners LLC. bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $43,000. Coppell Advisory Solutions LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter worth about $56,000. Ancora Advisors LLC boosted its stake in Marsh & McLennan Companies by 35.4% in the 4th quarter. Ancora Advisors LLC now owns 402 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 105 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $83,000. Institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.