Marsh & McLennan tops 4Q profit forecasts


The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05.

Marsh & McLennan's consolidated revenues were $3.4 billion, up 1% or 3% on an underlying basis, year over year.

Mercer, a wholly owned subsidiary of Marsh & McLennan Companies announced that it will acquire Thomsons Online Benefits, a leading global benefits software business. This was up from $372 million, or $0.71 per share, in last year's fourth quarter. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. Marsh & McLennan Companies, Inc. has a 52-week low of 52.95 and a 52-week high of 69.77. The stock added about 5.2 percent in price since last results when it was at $64.97 a share. The stock climbed 0.12% the day following the earnings announcement, and on 7th day price change was -0.45%. Post opening the session at $68.26, the shares hit an intraday low of $67.7 and an intraday high of $68.47 and the price was in this range throughout the day. The price to book ratio of the company for the most recent quarter is 5.22. Investors of record on Wednesday, January 25th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.36 annualized dividend and a dividend yield of 2.00%.

10/26/2016 - Marsh & McLennan Companies, Inc. had its "hold" rating reiterated by analysts at Jefferies.

In other Marsh & McLennan Companies news, Chairman Alexander S. Moczarski sold 8,850 shares of the firm's stock in a transaction that occurred on Thursday, December 29th. They now have a United States dollars 68 price target on the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Following the completion of the sale, the chairman now owns 203,352 shares of the company's stock, valued at $13,234,148.16. The disclosure for this sale can be found here. Revenue for the quarter was $3.34B while analysts called for revenues to be $3.3B. SRB Corp now owns 2,340 shares of the company's stock worth $157,000 after buying an additional 149 shares in the last quarter. Great West Life Assurance Co.

06/07/2016 - Marsh & McLennan Companies, Inc. had its " rating reiterated by analysts at UBS. The Average Volume for the stock is measured as 2.14 Million.

03/04/2016 - Marsh & McLennan Companies, Inc. was upgraded to " by analysts at Goldman Sachs.

01/13/2016 - Marsh & McLennan Companies, Inc. was upgraded to " by analysts at Keefe, Bruyette & Woods. Finally, Artisan Partners Limited Partnership increased its stake in Marsh & McLennan Companies by 2.0% in the second quarter. Washington Trust Bank now owns 1,695 shares of the company's stock worth $114,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 83.89% of the company's stock. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Before Earnings Announcement on 07/28/2016, the firm had its stock price of $66.13.

06/20/2016 - Marsh & McLennan Companies, Inc. had its " rating reiterated by analysts at Barclays. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of "Buy" and a consensus target price of $69.84.

Marsh & McLennan Companies (MMC)'s reinsurance arm Guy Carpenter reported 3 percent underlying revenue growth for the fourth quarter of 2016.



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