Equities analysts expect that Marsh & McLennan Companies, Inc. (NYSE:MMC) will announce sales of $3.58 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings. The lowest sales estimate is $3.51 billion and the highest is $3.62 billion. Marsh & McLennan Companies posted sales of $3.36 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year sales of $3.58 billion for the current fiscal year, with estimates ranging from $13.85 billion to $13.96 billion. For the next fiscal year, analysts anticipate that the company will report sales of $14.60 billion per share, with estimates ranging from $14.41 billion to $14.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year.

MMC has been the topic of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $88.00 price target on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Deutsche Bank lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 4th. Wells Fargo & Company set a $91.00 price target on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Barclays raised their price target on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $84.39.

In other news, Director Marc D. Oken acquired 1,235 shares of the stock in a transaction on Monday, October 30th. The stock was bought at an average price of $80.89 per share, with a total value of $99,899.15. Following the completion of the transaction, the director now directly owns 40,120 shares of the company’s stock, valued at $3,245,306.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $106,000. Acrospire Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $109,000. San Francisco Sentry Investment Group CA grew its position in shares of Marsh & McLennan Companies by 5,086.2% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,475 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $131,000. Finally, Grove Bank & Trust grew its position in shares of Marsh & McLennan Companies by 5.6% during the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after buying an additional 85 shares in the last quarter. 86.00% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies (NYSE MMC) opened at $85.06 on Friday. Marsh & McLennan Companies has a 1-year low of $66.75 and a 1-year high of $85.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $42,834.25, a P/E ratio of 22.32, a P/E/G ratio of 1.78 and a beta of 1.01.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.10%.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Earnings History and Estimates for Marsh & McLennan Companies (NYSE:MMC)

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