Q1 2023 Earnings Estimate for Marsh & McLennan Companies, Inc. (NYSE:MMC) Issued By Zacks Research

Posted by Defense World Staff on Apr 8th, 2023

Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) – Equities research analysts at Zacks Research lowered their Q1 2023 earnings per share estimates for shares of Marsh & McLennan Companies in a report released on Monday, April 3rd. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will earn $1.37 per share for the quarter, down from their previous estimate of $2.35. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $7.50 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q2 2023 earnings at $2.42 EPS, Q3 2023 earnings at $2.13 EPS, Q4 2023 earnings at $1.33 EPS, Q1 2024 earnings at $2.04 EPS, Q3 2024 earnings at $2.16 EPS, Q4 2024 earnings at $1.50 EPS and FY2024 earnings at $8.00 EPS.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $180.00 to $181.00 and gave the company a “neutral” rating in a report on Friday, March 31st. Credit Suisse Group increased their price target on Marsh & McLennan Companies from $157.00 to $172.00 and gave the company a “neutral” rating in a research note on Monday, January 30th. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $190.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Raymond James raised their price objective on Marsh & McLennan Companies from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Finally, Jefferies Financial Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $181.00 to $178.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $180.00.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $169.38 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.16 and a quick ratio of 1.16. Marsh & McLennan Companies has a 12 month low of $143.33 and a 12 month high of $183.14. The company has a market cap of $83.85 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93. The stock’s 50-day moving average is $165.04 and its 200-day moving average is $164.41.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last posted its earnings results on Thursday, January 26th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.07. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.23 billion. Marsh & McLennan Companies had a return on equity of 32.45% and a net margin of 14.72%. Marsh & McLennan Companies’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Wednesday, April 5th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $2.36 annualized dividend and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.20%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 3,140 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $165.22, for a total value of $518,790.80. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $3,458,880.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Oscar Fanjul sold 2,900 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $173.70, for a total transaction of $503,730.00. Following the transaction, the director now owns 75,447 shares of the company’s stock, valued at approximately $13,105,143.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 3,140 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $165.22, for a total transaction of $518,790.80. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $3,458,880.70. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in Marsh & McLennan Companies by 135.7% in the 3rd quarter. Larson Financial Group LLC now owns 165 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $25,000. Institutional & Family Asset Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. SRS Capital Advisors Inc. purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Finally, Almanack Investment Partners LLC. purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $43,000. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.