Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Post Q2 2024 Earnings of $2.38 Per Share

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Equities researchers at William Blair reduced their Q2 2024 EPS estimates for Marsh & McLennan Companies in a research note issued on Thursday, April 18th. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $2.38 per share for the quarter, down from their previous forecast of $2.42. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.64 per share. William Blair also issued estimates for Marsh & McLennan Companies’ Q1 2025 earnings at $3.06 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $2.04 EPS and FY2025 earnings at $9.44 EPS.

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

A number of other research firms have also recently commented on MMC. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday. The Goldman Sachs Group downgraded shares of 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 research report on Monday, January 8th. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Evercore ISI boosted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Stock Down 0.5 %

MMC stock opened at $201.43 on Monday. The stock has a market cap of $99.41 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $202.96 and its two-hundred day simple moving average is $196.98. Marsh & McLennan Companies has a 1-year low of $171.47 and a 1-year high of $209.20.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina increased its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after acquiring an additional 830 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after buying an additional 10,161 shares in the last quarter. CENTRAL TRUST Co lifted its position in Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after buying an additional 75 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $2,825,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

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

Marsh & McLennan Companies Dividend Announcement

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

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.