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

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

Marsh & McLennan Companies Stock Performance

NYSE MMC traded up $0.71 on Thursday, hitting $219.21. 683,773 shares of the company’s stock traded hands, compared to its average volume of 1,959,097. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $217.95 and its two-hundred day moving average price is $221.40. Marsh & McLennan Companies has a 1-year low of $190.41 and a 1-year high of $235.50. The firm has a market capitalization of $107.66 billion, a PE ratio of 26.98, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The firm 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 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $228.60.

About Marsh & McLennan Companies

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.