Q2 2024 EPS Estimates for Marsh & McLennan Companies, Inc. (NYSE:MMC) Decreased by Analyst

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Stock analysts at William Blair reduced their Q2 2024 EPS estimates for Marsh & McLennan Companies in a research report issued on Thursday, April 18th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $2.38 per share for the quarter, down from their prior estimate of $2.42. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.64 per share. William Blair also issued estimates for Marsh & McLennan Companies’ Q1 2025 earnings at $3.06 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $2.04 EPS and FY2025 earnings at $9.44 EPS.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 earnings per share.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $201.74 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The company has a market capitalization of $99.40 billion, a PE ratio of 25.60, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a fifty day moving average of $203.07 and a two-hundred day moving average of $197.04.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were 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 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 Securities & Exchange Commission, which is available through the SEC website. In other news, CMO John Jude Jones sold 1,505 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $203.67, for a total value of $306,523.35. Following the completion of the transaction, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at approximately $1,624,879.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,751 shares of company stock valued at $7,448,163. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MMC. Charter Oak Capital Management LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter valued at about $216,000. Venturi Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 28.1% during the 1st quarter. Venturi Wealth Management LLC now owns 6,532 shares of the financial services provider’s stock valued at $1,345,000 after purchasing an additional 1,433 shares during the period. Bluesphere Advisors LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter valued at about $206,000. Summit Trail Advisors LLC boosted its stake in Marsh & McLennan Companies by 32.4% during the 1st quarter. Summit Trail Advisors LLC now owns 4,474 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 1,094 shares during the period. Finally, Stablepoint Partners LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter valued at about $252,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.