Marsh & McLennan Companies (NYSE:MMC) Posts Earnings Results

Marsh & McLennan Companies (NYSE:MMC) announced its quarterly earnings data on Thursday. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12, Zacks reports. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%.

Marsh & McLennan Companies Stock Down 1.8 %

Shares of MMC opened at $216.90 on Friday. The stock has a fifty day simple moving average of $217.65 and a two-hundred day simple moving average of $221.38. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $106.52 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. Marsh & McLennan Companies has a 52-week low of $190.41 and a 52-week high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MMC shares. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $229.40.

Marsh & McLennan Companies Company Profile

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.