Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) – Zacks Research decreased their FY2027 earnings per share estimates for shares of Marsh & McLennan Companies in a report released on Thursday, May 1st. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $11.29 for the year, down from their previous estimate of $11.31. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $9.61 per share.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the previous year, the business posted $2.89 earnings per share.
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Marsh & McLennan Companies Price Performance
Shares of MMC opened at $227.21 on Monday. The firm has a market cap of $111.95 billion, a PE ratio of 27.74, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies has a 1-year low of $199.69 and a 1-year high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $231.01 and a two-hundred day simple moving average of $224.52.
Hedge Funds Weigh In On Marsh & McLennan Companies
A number of large investors have recently bought and sold shares of MMC. Louisbourg Investments Inc. boosted its stake in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares during the period. Czech National Bank grew its stake in Marsh & McLennan Companies by 6.3% in the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock worth $22,618,000 after acquiring an additional 6,310 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Marsh & McLennan Companies by 9.4% during the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after acquiring an additional 16,464 shares during the period. Brentview Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $3,635,000. Finally, Occidental Asset Management LLC grew its stake in Marsh & McLennan Companies by 8.7% in the fourth quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider’s stock worth $4,112,000 after purchasing an additional 1,555 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.
Insider Buying and Selling at Marsh & McLennan Companies
In other news, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock worth $16,244,986 over the last ninety days. Company insiders own 0.35% of the company’s stock.
Marsh & McLennan Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 39.95%.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.
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