Marsh & McLennan Companies (NYSE:MMC) Posts Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Marsh & McLennan Companies (NYSE:MMC) announced its earnings results on Thursday. The financial services provider reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.33, MarketWatch Earnings reports. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.51 billion. Marsh & McLennan Companies had a net margin of 12.72% and a return on equity of 30.29%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 earnings per share.

NYSE:MMC traded up $3.77 on Thursday, reaching $146.16. 68,116 shares of the company’s stock were exchanged, compared to its average volume of 1,999,365. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $74.33 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. Marsh & McLennan Companies has a 52 week low of $102.11 and a 52 week high of $144.09. The company has a fifty day moving average of $138.80.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 13th. Shareholders of record on Thursday, July 29th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, July 28th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.47. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 37.42%.

MMC has been the subject of several analyst reports. Citigroup increased their target price on shares of Marsh & McLennan Companies from $125.00 to $130.00 in a report on Wednesday, March 31st. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and increased their target price for the company from $111.00 to $136.00 in a report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Marsh & McLennan Companies from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $126.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, April 16th. Finally, Raymond James restated a “market perform” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.56.

In other Marsh & McLennan Companies news, CEO Scott Mcdonald sold 112,051 shares of the stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $138.95, for a total transaction of $15,569,486.45. Following the completion of the transaction, the chief executive officer now owns 75,699 shares in the company, valued at $10,518,376.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

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 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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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

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