Marsh & McLennan Companies (MMC) Expected to Announce Quarterly Earnings on Thursday

Marsh & McLennan Companies (NYSE:MMC) will likely be posting its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Marsh & McLennan Companies to post earnings of $3.03 per share and revenue of $7.08 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts expect Marsh & McLennan Companies to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Marsh & McLennan Companies Trading Up 1.8 %

NYSE:MMC opened at $237.43 on Tuesday. The firm has a fifty day simple moving average of $233.07 and a 200-day simple moving average of $224.72. 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 company has a market capitalization of $117.03 billion, a P/E ratio of 28.99, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies has a 12 month low of $196.17 and a 12 month high of $248.00.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marsh & McLennan Companies stock. Brighton Jones LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 51.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,738 shares of the financial services provider’s stock after buying an additional 2,960 shares during the quarter. Brighton Jones LLC’s holdings in Marsh & McLennan Companies were worth $1,856,000 as of its most recent filing with the SEC. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of recent research reports. UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $210.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Finally, Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $236.12.

About Marsh & McLennan Companies

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.