Marsh & McLennan Companies, Inc. (NYSE:MRSH) Plans $0.99 Quarterly Dividend

Marsh & McLennan Companies, Inc. (NYSE:MRSH) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.99 per share by the financial services provider on Friday, November 13th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, October 1st.

Marsh & McLennan Companies has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Marsh & McLennan Companies has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marsh & McLennan Companies to earn $11.38 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 34.8%.

Marsh & McLennan Companies Stock Down 1.7%

Shares of MRSH opened at $176.75 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average price of $185.94. Marsh & McLennan Companies has a 12-month low of $156.60 and a 12-month high of $207.82. The company has a market cap of $84.35 billion, a PE ratio of 21.61, a P/E/G ratio of 2.49 and a beta of 0.58.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The firm had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies’s revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Marsh & McLennan Companies will post 10.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MRSH. Erste Group Bank upgraded Marsh & McLennan Companies to a “strong-buy” rating in a research note on Tuesday, September 8th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $203.50.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that helps organizations manage risk, strategy and people-related challenges. Its businesses serve corporations, governments, institutional investors and other organizations across a broad range of industries and geographies.

The company’s principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, which provides reinsurance brokerage and related risk management services; Mercer, which offers consulting in areas such as talent, health, retirement and investments; and Oliver Wyman, a management consulting firm.