Marsh & McLennan Companies, Inc. (NYSE:MMC) – Research analysts at Langen Mcalenn issued their Q2 2019 earnings estimates for shares of Marsh & McLennan Companies in a research note issued on Monday, April 29th, Zacks Investment Research reports. Langen Mcalenn analyst L. Greenberg forecasts that the financial services provider will post earnings per share of $1.15 for the quarter. Langen Mcalenn also issued estimates for Marsh & McLennan Companies’ Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.15 EPS, FY2019 earnings at $4.65 EPS, Q1 2020 earnings at $1.59 EPS, Q2 2020 earnings at $1.31 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $1.31 EPS and FY2020 earnings at $5.15 EPS.
Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. Marsh & McLennan Companies’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS.
Marsh & McLennan Companies stock traded up $0.08 during trading hours on Wednesday, reaching $95.79. 2,124,300 shares of the stock were exchanged, compared to its average volume of 1,691,547. The company has a market cap of $48.05 billion, a P/E ratio of 22.02, a PEG ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21. Marsh & McLennan Companies has a 52-week low of $74.30 and a 52-week high of $96.34.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.90%. Marsh & McLennan Companies’s dividend payout ratio is 38.16%.
In related news, CFO Mark C. Mcgivney sold 6,519 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.63, for a total value of $603,854.97. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $3,119,593.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Peter J. Beshar sold 67,655 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $93.14, for a total transaction of $6,301,386.70. Following the completion of the sale, the executive vice president now directly owns 487,576 shares in the company, valued at $45,412,828.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,691 shares of company stock worth $11,406,907. Corporate insiders own 1.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MMC. Kore Private Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $28,000. Canton Hathaway LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $30,000. Sontag Advisory LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $26,000. Howe & Rusling Inc. boosted its stake in shares of Marsh & McLennan Companies by 66.7% during the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 136 shares during the last quarter. Finally, Capital Financial Planning LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $29,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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