Marsh & McLennan Companies (MMC) Scheduled to Post Earnings on Thursday

Marsh & McLennan Companies (NYSE:MMC) will release its earnings data before the market opens on Thursday, October 17th. Analysts expect Marsh & McLennan Companies to post earnings of $1.62 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the firm posted $2.20 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts expect Marsh & McLennan Companies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $227.52 on Tuesday. The company has a fifty day simple moving average of $224.66 and a 200-day simple moving average of $214.45. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $112.10 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies has a 52-week low of $184.02 and a 52-week high of $232.32.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock worth $4,420,137 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MMC shares. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $216.69.

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.