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

Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) – Investment analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a research note issued on Thursday, February 8th. Zacks Research analyst D. Chatterjee now expects that the financial services provider will earn $2.67 per share for the quarter, up from their previous forecast of $2.55. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.61 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q3 2024 earnings at $1.60 EPS, Q1 2025 earnings at $2.69 EPS, Q3 2025 earnings at $1.91 EPS, Q4 2025 earnings at $2.14 EPS, FY2025 earnings at $9.16 EPS and FY2026 earnings at $10.29 EPS.

Several other equities research analysts also recently commented on the company. TD Cowen began coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price for the company. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a report on Tuesday, January 30th. Raymond James upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, Citigroup upped their price target 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $202.71.

Get Our Latest Stock Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Trading Down 0.9 %

Shares of NYSE MMC opened at $196.19 on Monday. Marsh & McLennan Companies has a 12 month low of $151.86 and a 12 month high of $202.81. The company has a market cap of $96.74 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.52 and a beta of 0.90. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $193.29 and a 200-day simple moving average of $193.44.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ignite Planners LLC raised its position in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 52 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Marsh & McLennan Companies by 40.5% during the second quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 53 shares during the last quarter. Citizens & Northern Corp raised its position in shares of Marsh & McLennan Companies by 0.8% during the second quarter. Citizens & Northern Corp now owns 6,703 shares of the financial services provider’s stock worth $1,261,000 after acquiring an additional 53 shares during the last quarter. Fortis Capital Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 53 shares during the period. Finally, Westover Capital Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 53 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, January 24th. Marsh & McLennan Companies’s payout ratio is currently 37.72%.

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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