Zacks Research Comments on Marsh & McLennan Companies, Inc.’s Q1 2024 Earnings (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) – Equities research analysts at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a note issued to investors on Tuesday, January 16th. Zacks Research analyst D. Chatterjee now anticipates that the financial services provider will post earnings of $2.55 per share for the quarter, up from their previous forecast of $2.51. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $7.91 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q2 2024 earnings at $2.40 EPS, Q3 2024 earnings at $1.63 EPS, FY2024 earnings at $8.75 EPS and Q3 2025 earnings at $2.01 EPS.

Several other equities analysts also recently weighed in on MMC. Deutsche Bank Aktiengesellschaft initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, October 4th. They set a “buy” rating and a $226.00 target price on the stock. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Raymond James boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Citigroup boosted their price objective on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price objective for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $199.00.

View Our Latest Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $196.34 on Thursday. The company has a market capitalization of $96.81 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.08 and a current ratio of 1.08. The business’s fifty day moving average is $194.47 and its 200 day moving average is $192.47. Marsh & McLennan Companies has a fifty-two week low of $151.86 and a fifty-two week high of $202.81.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.18. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marsh & McLennan Companies had a return on equity of 34.01% and a net margin of 15.61%. Marsh & McLennan Companies’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.84 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is currently 40.92%.

Insiders Place Their Bets

In other news, CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $193.08, for a total transaction of $947,636.64. Following the transaction, the chief marketing officer now owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $27,000. OFI Invest Asset Management purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $28,000. Headinvest LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $31,000. Finally, RVW Wealth LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $32,000. Institutional investors own 86.64% of the company’s stock.

Marsh & McLennan Companies Company Profile

(Get Free Report)

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 in two segments, Risk and Insurance Services, and Consulting. 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.

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Earnings History and Estimates for Marsh & McLennan Companies (NYSE:MMC)

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