William Blair Has Positive Forecast for MMC FY2024 Earnings

Marsh & McLennan Companies, Inc. (NYSE:MMC) – William Blair boosted their FY2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a note issued to investors on Thursday, October 17th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $8.78 per share for the year, up from their prior forecast of $8.76. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $8.73 per share. William Blair also issued estimates for Marsh & McLennan Companies’ Q4 2025 earnings at $2.00 EPS.

Several other research analysts have also issued reports on MMC. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday. Finally, Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $221.93.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $222.06 on Monday. The business has a 50 day moving average of $225.37 and a 200-day moving average of $215.22. The company has a market capitalization of $109.41 billion, a P/E ratio of 28.18, a P/E/G ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies has a 1 year low of $184.02 and a 1 year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Insider Transactions at Marsh & McLennan Companies

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the first quarter worth $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter valued at about $27,000. Crewe Advisors LLC increased its holdings in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Marsh & McLennan Companies in the first quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

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.