Q2 2024 Earnings Forecast for Marsh & McLennan Companies, Inc. (NYSE:MMC) Issued By Zacks Research

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Stock analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a report released on Thursday, May 2nd. Zacks Research analyst D. Chatterjee now expects that the financial services provider will earn $2.36 per share for the quarter, down from their previous estimate of $2.40. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q3 2024 earnings at $1.63 EPS, FY2024 earnings at $8.70 EPS, Q1 2025 earnings at $2.77 EPS, Q2 2025 earnings at $2.45 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $2.16 EPS, FY2025 earnings at $9.32 EPS, Q1 2026 earnings at $3.06 EPS and FY2026 earnings at $10.09 EPS.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.

A number of other research firms also recently issued reports on MMC. Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Finally, Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $199.27 on Monday. The company has a fifty day moving average price of $202.84 and a 200 day moving average price of $197.48. Marsh & McLennan Companies has a 1-year low of $171.47 and a 1-year high of $209.20. The firm has a market cap of $98.18 billion, a PE ratio of 25.29, a PEG ratio of 3.32 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in Marsh & McLennan Companies by 343.3% in 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 last quarter. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $27,000. Finally, OFI Invest Asset Management bought a new stake in Marsh & McLennan Companies during the third quarter valued at $28,000. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the transaction, the chief executive officer now owns 9,979 shares in the company, valued at $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the sale, the chief executive officer now owns 9,979 shares in the company, valued at approximately $2,012,065.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced 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 is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

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.