Marsh & McLennan Companies (MMC) to Release Earnings on Thursday

Marsh & McLennan Companies (NYSE:MMCGet Rating) will be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect Marsh & McLennan Companies to post earnings of $1.40 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of Marsh & McLennan Companies stock opened at $173.49 on Wednesday. The stock has a 50-day simple moving average of $169.60 and a 200-day simple moving average of $163.30. Marsh & McLennan Companies has a 52-week low of $142.80 and a 52-week high of $183.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $86.05 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.76 and a beta of 0.90.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Thursday, January 26th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, January 25th. Marsh & McLennan Companies’s dividend payout ratio is currently 35.44%.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $170.57, for a total value of $511,710.00. Following the completion of the sale, the director now directly owns 87,097 shares of the company’s stock, valued at $14,856,135.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $170.57, for a total value of $511,710.00. Following the completion of the sale, the director now directly owns 87,097 shares of the company’s stock, valued at $14,856,135.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 8,694 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $172.34, for a total value of $1,498,323.96. Following the completion of the sale, the chief executive officer now directly owns 20,595 shares of the company’s stock, valued at $3,549,342.30. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently modified their holdings of MMC. Almanack Investment Partners LLC. bought a new position in Marsh & McLennan Companies during the third quarter valued at $43,000. Covestor Ltd grew its holdings in Marsh & McLennan Companies by 85.4% during the first quarter. Covestor Ltd now owns 912 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 420 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter worth $246,000. qPULA Trading Management LP bought a new position in shares of Marsh & McLennan Companies in the first quarter worth $307,000. Finally, Centiva Capital LP bought a new position in shares of Marsh & McLennan Companies in the second quarter worth $309,000. 87.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on MMC. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $183.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, December 14th. They set a “neutral” rating and a $185.00 price objective on the stock. Jefferies Financial Group cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $181.00 to $178.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. BMO Capital Markets initiated coverage on Marsh & McLennan Companies in a research report on Thursday, January 19th. They issued a “market perform” rating and a $168.00 price target on the stock. Finally, StockNews.com initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $177.69.

Marsh & McLennan Companies Company Profile

(Get Rating)

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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Earnings History for Marsh & McLennan Companies (NYSE:MMC)

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