William Blair Analysts Decrease Earnings Estimates for Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Investment analysts at William Blair dropped their Q2 2024 earnings estimates for Marsh & McLennan Companies in a report released on Thursday, April 18th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $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 released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year.

A number of other research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday. TD Cowen increased their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI raised 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. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $201.43 on Monday. Marsh & McLennan Companies has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The firm’s 50 day moving average is $202.96 and its two-hundred day moving average is $196.98. The company has a market cap of $99.41 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,291,675. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Trading of Marsh & McLennan Companies

Several hedge funds have recently made changes to their positions in MMC. Valley National Advisers Inc. boosted its holdings in shares of 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 acquiring an additional 103 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $25,000. 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 purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. Finally, OFI Invest Asset Management purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at $28,000. 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.