Analysts expect that Marsh & McLennan Companies, Inc. (NYSE:MMC) will post sales of $3.71 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Marsh & McLennan Companies’ earnings, with the lowest sales estimate coming in at $3.65 billion and the highest estimate coming in at $3.77 billion. Marsh & McLennan Companies posted sales of $3.50 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The business is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Marsh & McLennan Companies will report full year sales of $3.71 billion for the current year, with estimates ranging from $14.61 billion to $15.00 billion. For the next financial year, analysts forecast that the firm will post sales of $15.62 billion per share, with estimates ranging from $15.14 billion to $15.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Marsh & McLennan Companies.
Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.
In other news, EVP Peter J. Beshar sold 10,567 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $81.75, for a total value of $863,852.25. Following the completion of the sale, the executive vice president now owns 240,857 shares of the company’s stock, valued at approximately $19,690,059.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,145 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $82.95, for a total transaction of $94,977.75. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $242,462.85. The disclosure for this sale can be found here. In the last three months, insiders sold 769,412 shares of company stock valued at $63,611,788. Corporate insiders own 1.46% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Chemical Bank purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $415,000. Green Square Capital LLC grew its stake in shares of Marsh & McLennan Companies by 131.7% in the 4th quarter. Green Square Capital LLC now owns 11,372 shares of the financial services provider’s stock valued at $926,000 after buying an additional 6,464 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Marsh & McLennan Companies by 13.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,705 shares of the financial services provider’s stock valued at $953,000 after buying an additional 1,393 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Marsh & McLennan Companies by 8.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 72,201 shares of the financial services provider’s stock worth $5,876,000 after acquiring an additional 5,589 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 16.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 34,050 shares of the financial services provider’s stock worth $2,770,000 after acquiring an additional 4,711 shares during the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.
Marsh & McLennan Companies (MMC) opened at $84.62 on Wednesday. Marsh & McLennan Companies has a 1 year low of $71.79 and a 1 year high of $86.54. The firm has a market cap of $43,589.45, a PE ratio of 29.48, a P/E/G ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.31 and a current ratio of 1.30.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.50 annualized dividend and a dividend yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 52.26%.
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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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