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 dropped their Q2 2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a research report issued to clients and investors on Thursday, April 18th. William Blair analyst A. Klauber now forecasts that the financial services provider will earn $2.38 per share for the quarter, down from their prior forecast 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 announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share.

A number of other equities analysts also recently issued reports on MMC. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Wednesday, April 17th. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Finally, Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $201.74 on Monday. The business has a 50 day moving average of $203.07 and a 200 day moving average of $197.04. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $99.40 billion, a PE ratio of 25.60, a P/E/G ratio of 3.39 and a beta of 0.90. Marsh & McLennan Companies has a 52 week low of $171.47 and a 52 week high of $209.20.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 over the last ninety days. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Charter Oak Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $216,000. Venturi Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 28.1% in the first quarter. Venturi Wealth Management LLC now owns 6,532 shares of the financial services provider’s stock worth $1,345,000 after buying an additional 1,433 shares during the period. Bluesphere Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $206,000. Summit Trail Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 32.4% in the first quarter. Summit Trail Advisors LLC now owns 4,474 shares of the financial services provider’s stock worth $922,000 after buying an additional 1,094 shares during the period. Finally, Stablepoint Partners LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $252,000. 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.