Marsh & McLennan Companies (NYSE:MMC - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.06, Zacks reports. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the business posted $2.41 EPS. The company's revenue was up 12.1% compared to the same quarter last year.
Marsh & McLennan Companies Stock Up 0.7%
NYSE:MMC traded up $1.43 during midday trading on Friday, reaching $212.47. 3,524,077 shares of the stock traded hands, compared to its average volume of 2,006,081. Marsh & McLennan Companies has a 12-month low of $207.21 and a 12-month high of $248.00. The business has a 50-day moving average of $221.45 and a two-hundred day moving average of $224.64. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $104.69 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80.
Marsh & McLennan Companies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, July 24th. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Marsh & McLennan Companies stock. Brighton Jones LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,738 shares of the financial services provider's stock after buying an additional 2,960 shares during the quarter. Brighton Jones LLC's holdings in Marsh & McLennan Companies were worth $1,856,000 at the end of the most recent reporting period. 87.99% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MMC. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday. Barclays cut their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $240.29.
View Our Latest Stock Analysis on MMC
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.
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