Marsh & McLennan Companies (NYSE:MMC) Releases Quarterly Earnings Results

Marsh & McLennan Companies (NYSE:MMC) issued its quarterly earnings data on Thursday. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09, RTT News reports. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 earnings per share.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $202.41 on Friday. The firm has a market cap of $99.90 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.65 and a beta of 0.90. The business’s 50 day moving average price is $202.86 and its 200-day moving average price is $196.82. Marsh & McLennan Companies has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.14.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently bought and sold shares of MMC. Fortis Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 53 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Marsh & McLennan Companies by 7.6% during the 4th quarter. Harbour Investments Inc. now owns 905 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 64 shares during the period. Ambassador Advisors LLC increased its position in shares of Marsh & McLennan Companies by 3.7% during the 4th quarter. Ambassador Advisors LLC now owns 2,084 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 75 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of Marsh & McLennan Companies by 5.4% in the fourth quarter. Continuum Advisory LLC now owns 1,614 shares of the financial services provider’s stock worth $305,000 after buying an additional 82 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in Marsh & McLennan Companies by 6.5% during the second quarter. First Citizens Bank & Trust Co. now owns 1,468 shares of the financial services provider’s stock valued at $276,000 after buying an additional 89 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.87.

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.