What is William Blair’s Forecast for MMC FY2024 Earnings?

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Analysts at William Blair upped their FY2024 earnings estimates for shares of Marsh & McLennan Companies in a report issued on Thursday, October 17th. William Blair analyst A. Klauber now expects that the financial services provider will post earnings per share of $8.78 for the year, up from their previous forecast of $8.76. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.73 per share. William Blair also issued estimates for Marsh & McLennan Companies’ Q4 2025 earnings at $2.00 EPS.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.57 earnings per share.

MMC has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $221.93.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $224.66 on Monday. The business’s 50 day moving average is $225.28 and its 200-day moving average is $215.07. 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 firm has a market capitalization of $110.70 billion, a PE ratio of 28.51, a PEG ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies has a 1-year low of $184.02 and a 1-year high of $232.32.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Marsh & McLennan Companies by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 147,708 shares of the financial services provider’s stock valued at $32,952,000 after acquiring an additional 2,068 shares during the last quarter. Buckley Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 4.2% in the 3rd quarter. Buckley Wealth Management LLC now owns 3,401 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 138 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of Marsh & McLennan Companies by 2.7% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 24,124 shares of the financial services provider’s stock worth $5,382,000 after purchasing an additional 626 shares during the period. Cedrus LLC increased its holdings in Marsh & McLennan Companies by 5.5% in the third quarter. Cedrus LLC now owns 1,052 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 55 shares during the last quarter. Finally, New Century Financial Group LLC lifted its stake in Marsh & McLennan Companies by 8.5% in the third quarter. New Century Financial Group LLC now owns 1,045 shares of the financial services provider’s stock valued at $233,000 after buying an additional 82 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock valued at $4,420,137 over the last ninety days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

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 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.