Zacks Research Equities Analysts Decrease Earnings Estimates for Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Equities research analysts at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of Marsh & McLennan Companies in a report released on Thursday, May 2nd. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will earn $2.36 per share for the quarter, down from their previous estimate of $2.40. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q3 2024 earnings at $1.63 EPS, FY2024 earnings at $8.70 EPS, Q1 2025 earnings at $2.77 EPS, Q2 2025 earnings at $2.45 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $2.16 EPS, FY2025 earnings at $9.32 EPS, Q1 2026 earnings at $3.06 EPS and FY2026 earnings at $10.09 EPS.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.53 EPS.

Several other analysts have also recently issued reports on MMC. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. UBS Group lifted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Finally, Evercore ISI upped their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Up 1.1 %

Shares of NYSE MMC opened at $201.52 on Monday. Marsh & McLennan Companies has a 52-week low of $171.47 and a 52-week high of $209.20. The business’s 50 day moving average is $202.80 and its two-hundred day moving average is $197.56. The firm has a market cap of $99.29 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.31 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Buying and Selling

In other news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 in the last quarter. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Marsh & McLennan Companies in the third quarter worth $27,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.