Marsh & McLennan Companies, Inc. (NYSE:MMC) – Investment analysts at Langen Mcalenn dropped their Q4 2018 EPS estimates for shares of Marsh & McLennan Companies in a report released on Friday, October 26th. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $1.04 per share for the quarter, down from their prior estimate of $1.06. Langen Mcalenn also issued estimates for Marsh & McLennan Companies’ Q2 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.14 EPS and FY2019 earnings at $4.65 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, July 12th. Wells Fargo & Co set a $93.00 price target on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Credit Suisse Group set a $91.00 price target on shares of Marsh & McLennan Companies and gave the company a “hold” rating in a report on Tuesday, October 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.45.

NYSE:MMC opened at $81.95 on Monday. The firm has a market capitalization of $41.38 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.53 and a beta of 0.94. Marsh & McLennan Companies has a twelve month low of $77.11 and a twelve month high of $87.89. The company has a current ratio of 1.26, a quick ratio of 1.46 and a debt-to-equity ratio of 0.73.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.35%.

In other news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the sale, the senior vice president now owns 123,843 shares in the company, valued at approximately $10,482,071.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in MMC. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $100,000. SRS Capital Advisors Inc. boosted its holdings in shares of Marsh & McLennan Companies by 3,497.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,189 shares in the last quarter. Kaizen Advisory LLC boosted its holdings in shares of Marsh & McLennan Companies by 152.0% during the 2nd quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock valued at $102,000 after buying an additional 751 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of Marsh & McLennan Companies by 619.9% during the 2nd quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock valued at $113,000 after buying an additional 1,184 shares in the last quarter. Finally, DeDora Capital Inc. bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $212,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Further Reading: Initial Public Offering (IPO)

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

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