Roth Capital Brokers Lower Earnings Estimates for MMC

Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) - Investment analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for Marsh & McLennan Companies in a research note issued on Friday, October 18th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.83. The consensus estimate for Marsh & McLennan Companies' current full-year earnings is $8.73 per share. Roth Capital also issued estimates for Marsh & McLennan Companies' Q1 2025 earnings at $3.02 EPS, Q3 2025 earnings at $1.79 EPS, Q4 2025 earnings at $2.11 EPS, Q1 2026 earnings at $3.29 EPS, Q2 2026 earnings at $2.91 EPS, Q3 2026 earnings at $1.94 EPS and FY2026 earnings at $10.40 EPS.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results 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. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. Marsh & McLennan Companies's revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of other analysts have also recently commented on MMC. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $221.93.

Marsh & McLennan Companies Trading Down 1.2 %

NYSE MMC traded down $2.60 during trading on Monday, reaching $222.06. 1,451,988 shares of the stock traded hands, compared to its average volume of 1,670,543. The stock's 50-day moving average price is $225.37 and its 200 day moving average price is $215.22. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $109.41 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's payout ratio is currently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Stacy Mills sold 4,101 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company's stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company's stock, valued at $7,625,035.98. 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 worth $4,420,137 over the last 90 days. Company insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently modified their holdings of MMC. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at $27,000. Crewe Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter worth $35,000. Finally, Ridgewood Investments LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.