Marsh & McLennan Companies, Inc. to Post Q3 2024 Earnings of $1.65 Per Share, Zacks Research Forecasts (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of Marsh & McLennan Companies in a research report issued to clients and investors on Thursday, August 1st. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will post earnings per share of $1.65 for the quarter, up from their previous estimate of $1.63. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.73 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ FY2024 earnings at $8.79 EPS, Q1 2025 earnings at $2.84 EPS, Q2 2025 earnings at $2.49 EPS, FY2025 earnings at $9.37 EPS, Q2 2026 earnings at $2.54 EPS and FY2026 earnings at $10.05 EPS.

Other analysts also recently issued research reports about the company. TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Finally, Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $214.25.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $223.95 on Friday. The company has a market capitalization of $110.13 billion, a PE ratio of 28.42, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies has a 12 month low of $184.02 and a 12 month high of $227.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $213.52 and its 200 day simple moving average is $205.85.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,338 shares of company stock worth $2,187,012. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in MMC. First Citizens Bank & Trust Co. raised its position in shares of Marsh & McLennan Companies by 5.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,952 shares of the financial services provider’s stock valued at $370,000 after buying an additional 96 shares in the last quarter. Independence Bank of Kentucky raised its position in Marsh & McLennan Companies by 82.9% during the fourth quarter. Independence Bank of Kentucky now owns 695 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 315 shares in the last quarter. Trust Point Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $984,000. Ballentine Partners LLC raised its position in Marsh & McLennan Companies by 8.5% during the fourth quarter. Ballentine Partners LLC now owns 7,788 shares of the financial services provider’s stock valued at $1,476,000 after purchasing an additional 607 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Marsh & McLennan Companies by 6.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 223,321 shares of the financial services provider’s stock valued at $42,161,000 after purchasing an additional 14,352 shares in the last quarter. 87.99% of the stock is currently 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.