Zacks Research Weighs in on Marsh & McLennan Companies, Inc.’s Q2 2024 Earnings (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Stock analysts at Zacks Research cut their Q2 2024 EPS estimates for Marsh & McLennan Companies in a research note issued to investors on Thursday, May 2nd. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will earn $2.36 per share for the quarter, down from their previous forecast of $2.40. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q3 2024 earnings at $1.63 EPS, FY2024 earnings at $8.70 EPS, Q1 2025 earnings at $2.77 EPS, Q2 2025 earnings at $2.45 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $2.16 EPS, FY2025 earnings at $9.32 EPS, Q1 2026 earnings at $3.06 EPS and FY2026 earnings at $10.09 EPS.

MMC has been the subject of several other research reports. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. TD Cowen boosted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Evercore ISI boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Trading Up 1.1 %

MMC opened at $203.74 on Monday. The stock has a market capitalization of $100.39 billion, a PE ratio of 25.86, a P/E/G ratio of 3.31 and a beta of 0.90. The firm’s fifty day moving average price is $202.81 and its 200 day moving average price is $197.67. 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 12-month low of $171.47 and a 12-month high of $209.20.

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

Institutional Trading of Marsh & McLennan Companies

Hedge funds have recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new stake in Marsh & McLennan Companies during the first quarter valued at about $25,000. Valley National Advisers Inc. lifted its stake in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $27,000. Finally, Headinvest LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $28,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

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.