Marsh & McLennan Companies, Inc. (NYSE:MMC) – Equities research analysts at Langen Mcalenn lowered their Q4 2017 earnings per share (EPS) estimates for Marsh & McLennan Companies in a research note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $0.96 per share for the quarter, down from their previous forecast of $0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS.

A number of other equities analysts have also recently issued reports on MMC. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Monday. Goldman Sachs Group started coverage on Marsh & McLennan Companies in a report on Monday, December 4th. They issued a “neutral” rating and a $88.00 price objective for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 price objective on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Jefferies Group reiterated a “hold” rating on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.08.

Marsh & McLennan Companies (MMC) opened at $81.56 on Wednesday. The firm has a market capitalization of $41,609.39, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77. Marsh & McLennan Companies has a one year low of $67.32 and a one year high of $86.54.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

In related news, insider Daniel S. Glaser sold 618,557 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the completion of the sale, the insider now directly owns 279,367 shares in the company, valued at approximately $23,131,587.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc D. Oken bought 1,235 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $80.89 per share, with a total value of $99,899.15. Following the completion of the acquisition, the director now directly owns 40,120 shares in the company, valued at $3,245,306.80. The disclosure for this purchase can be found here. Corporate insiders own 1.46% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its holdings in Marsh & McLennan Companies by 341.2% during the 4th quarter. State of Alaska Department of Revenue now owns 64,394 shares of the financial services provider’s stock valued at $5,239,000 after acquiring an additional 49,800 shares during the period. Oakbrook Investments LLC boosted its holdings in Marsh & McLennan Companies by 3.5% during the 4th quarter. Oakbrook Investments LLC now owns 23,380 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 780 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Marsh & McLennan Companies by 5.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,769,535 shares of the financial services provider’s stock valued at $144,023,000 after acquiring an additional 85,346 shares during the period. National Pension Service boosted its holdings in Marsh & McLennan Companies by 1.0% during the 4th quarter. National Pension Service now owns 455,794 shares of the financial services provider’s stock valued at $37,097,000 after acquiring an additional 4,712 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Marsh & McLennan Companies by 8.3% during the 4th quarter. Bank of Montreal Can now owns 640,971 shares of the financial services provider’s stock valued at $52,167,000 after acquiring an additional 49,346 shares during the period. Institutional investors own 85.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Q4 2017 EPS Estimates for Marsh & McLennan Companies, Inc. Decreased by Analyst (MMC)” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://theolympiareport.com/2018/01/19/q4-2017-eps-estimates-for-marsh-mclennan-companies-inc-decreased-by-analyst-mmc.html.

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.

Earnings History and Estimates for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.