Equities analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to report earnings of $0.99 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Marsh & McLennan Companies’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.97. Marsh & McLennan Companies reported earnings of $0.92 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that Marsh & McLennan Companies will report full year earnings of $3.74 per share for the current year, with EPS estimates ranging from $3.70 to $3.77. For the next fiscal year, analysts anticipate that the business will post earnings of $4.13 per share, with EPS estimates ranging from $4.01 to $4.21. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Marsh & McLennan Companies.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. Marsh & McLennan Companies had a return on equity of 26.99% and a net margin of 13.38%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, April 4th. Credit Suisse Group AG set a $74.00 price objective on Marsh & McLennan Companies and gave the company a “hold” rating in a report on Saturday, March 25th. Royal Bank of Canada reissued a “buy” rating and set a $76.00 price objective on shares of Marsh & McLennan Companies in a report on Thursday, February 2nd. Finally, Bank of America Corp raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, January 27th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $73.29.
Shares of Marsh & McLennan Companies (NYSE:MMC) traded down 0.89% during trading on Thursday, hitting $72.07. The stock had a trading volume of 1,682,201 shares. The company has a market cap of $37.12 billion, a PE ratio of 21.32 and a beta of 0.89. The firm’s 50 day moving average is $73.89 and its 200 day moving average is $69.41. Marsh & McLennan Companies has a 1-year low of $60.04 and a 1-year high of $75.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.89%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.24%.
In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 208,651 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $73.86, for a total transaction of $15,410,962.86. Following the sale, the insider now owns 374,019 shares in the company, valued at $27,625,043.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert J. Rapport sold 7,011 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $73.88, for a total value of $517,972.68. Following the sale, the senior vice president now owns 27,794 shares in the company, valued at approximately $2,053,420.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 821,726 shares of company stock worth $59,930,138. Company insiders own 1.51% of the company’s stock.
Large investors have recently bought and sold shares of the company. FNY Partners Fund LP bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $101,000. Seven Bridges Advisors LLC increased its stake in Marsh & McLennan Companies by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the company’s stock valued at $102,000 after buying an additional 264 shares in the last quarter. Advantage Investment Management LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $109,000. CENTRAL TRUST Co increased its stake in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the company’s stock valued at $111,000 after buying an additional 102 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in Marsh & McLennan Companies by 26.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,615 shares of the company’s stock valued at $120,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.
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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