Somewhat Positive News Coverage Somewhat Unlikely to Affect Marsh & McLennan Companies (MMC) Stock Price
Headlines about Marsh & McLennan Companies (NYSE:MMC) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marsh & McLennan Companies earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.8261920958049 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- June 15th Options Now Available For Marsh & McLennan Companies (MMC) (nasdaq.com)
- Marsh & McLennan Companies (MMC) Downgraded to Buy at BidaskClub (americanbankingnews.com)
- Marsh & McLennan Companies (MMC) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Marsh & McLennan Companies (MMC) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- Marsh & McLennan Companies (MMC) Expected to Announce Quarterly Sales of $3.80 Billion (americanbankingnews.com)
Several research firms have recently commented on MMC. Zacks Investment Research downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Wells Fargo reissued a “buy” rating and set a $91.00 price target on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. Citigroup reduced their price target on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Finally, Barclays increased their price target on Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $90.00.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. sell-side analysts anticipate that Marsh & McLennan Companies will post 4.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, April 9th. Marsh & McLennan Companies’s payout ratio is presently 38.27%.
In other Marsh & McLennan Companies news, CEO Julio A. Portalatin sold 10,911 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.87, for a total transaction of $893,283.57. Following the completion of the sale, the chief executive officer now directly owns 59,083 shares in the company, valued at $4,837,125.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 22,528 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $83.59, for a total value of $1,883,115.52. Following the sale, the chief financial officer now owns 33,839 shares of the company’s stock, valued at $2,828,602.01. The disclosure for this sale can be found here. Insiders have sold 150,855 shares of company stock valued at $12,395,268 over the last 90 days. Corporate insiders own 1.16% of the company’s stock.
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About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.
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