Q2 2024 EPS Estimates for Marsh & McLennan Companies, Inc. Lowered by Analyst (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Equities research analysts at Zacks Research decreased their Q2 2024 EPS estimates for shares of Marsh & McLennan Companies in a research note issued on Thursday, May 2nd. Zacks Research analyst D. Chatterjee now anticipates that the financial services provider will earn $2.36 per share for the quarter, down from their previous forecast 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.

Several other brokerages have also recently issued reports on MMC. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a report on Wednesday, April 17th. Evercore ISI increased their price target 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. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of Marsh & McLennan Companies stock opened at $199.27 on Monday. The company has a fifty day simple moving average of $202.84 and a 200-day simple moving average of $197.48. Marsh & McLennan Companies has a 12-month low of $171.47 and a 12-month high of $209.20. 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 has a market cap of $98.18 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.32 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly 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. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The firm’s revenue was up 9.7% on a year-over-year basis.

Marsh & McLennan Companies Dividend Announcement

The firm 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Valley National Advisers Inc. grew its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Private Wealth Management Group LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of Marsh & McLennan Companies during the third quarter worth about $27,000. Finally, Headinvest LLC acquired a new position in Marsh & McLennan Companies in the third quarter worth about $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

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.