FY2017 EPS Estimates for Marsh & McLennan Companies, Inc. Lifted by Analyst (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) – Stock analysts at Jefferies Group upped their FY2017 earnings estimates for shares of Marsh & McLennan Companies in a research note issued to investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst D. Styblo now expects that the financial services provider will post earnings per share of $3.83 for the year, up from their prior estimate of $3.82. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Marsh & McLennan Companies’ Q1 2018 earnings at $1.19 EPS, Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.22 EPS and FY2019 earnings at $4.67 EPS.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS.

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Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, July 27th. BidaskClub cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Deutsche Bank AG cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $84.39.

Marsh & McLennan Companies (MMC) traded up $0.22 during trading on Friday, reaching $83.15. 1,040,300 shares of the company’s stock traded hands, compared to its average volume of 1,790,486. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $42,323.89, a P/E ratio of 22.06, a PEG ratio of 1.76 and a beta of 1.01. Marsh & McLennan Companies has a 1-year low of $66.75 and a 1-year high of $84.90.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMC. BlackRock Inc. increased its stake in shares of Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after purchasing an additional 36,339,736 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Marsh & McLennan Companies by 4,831.1% in the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock worth $272,958,000 after purchasing an additional 3,430,257 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Marsh & McLennan Companies by 71.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock worth $494,967,000 after purchasing an additional 2,460,107 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Marsh & McLennan Companies by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after purchasing an additional 1,747,201 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake in shares of Marsh & McLennan Companies by 401.0% in the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after purchasing an additional 1,594,047 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

In related news, Director Marc D. Oken acquired 1,235 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the transaction, the director now directly owns 40,120 shares in the company, valued at $3,245,306.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the transaction, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 annualized dividend and a dividend yield of 1.80%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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