Marsh & McLennan Companies (NYSE:MMC) Posts Earnings Results, Beats Expectations By $0.09 EPS

Marsh & McLennan Companies (NYSE:MMC) announced its quarterly earnings data on Thursday. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09, RTT News reports. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.53 earnings per share.

Marsh & McLennan Companies Stock Up 0.7 %

MMC opened at $197.62 on Thursday. Marsh & McLennan Companies has a twelve month low of $171.47 and a twelve month high of $209.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $202.67 and a 200 day moving average price of $196.69. The company has a market cap of $97.53 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 37.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MMC shares. Evercore ISI boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their target price for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Piper Sandler downgraded shares of 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. Finally, TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $204.73.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the company’s 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 owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CMO John Jude Jones sold 1,505 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $203.67, for a total transaction of $306,523.35. Following the completion of the sale, the chief marketing officer now owns 7,978 shares of the company’s stock, valued at approximately $1,624,879.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s 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 sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 in the last 90 days. Insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently bought and sold shares of the business. Fortis Capital Advisors LLC grew 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 acquiring an additional 53 shares in the last quarter. Harbour Investments Inc. grew its stake in 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 acquiring an additional 64 shares in the last quarter. Ambassador Advisors LLC grew its stake in 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 acquiring an additional 75 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Marsh & McLennan Companies by 5.4% in the 4th quarter. Continuum Advisory LLC now owns 1,614 shares of the financial services provider’s stock valued at $305,000 after buying an additional 82 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in shares of Marsh & McLennan Companies by 6.5% in the 2nd 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 period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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.