Here's Why You Should Hold Marsh & McLennan (MMC) Stock Now

Zacks06-21

Marsh & McLennan Companies, Inc. MMC is well-poised for growth on the back of continued demand for its products, new business growth, frequent acquisitions and a commendable financial position. Zacks ...

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The same for revenues is $24.3 billion, implying 7% growth from the prior-year number.MMC boasts an impressive surprise history. Its earnings outpaced estimates in each of the trailing four quarters, the average surprise being 6.5%.The return on equity for Marsh & McLennan is currently 34.1%, which is higher than the industry’s average of 31.1%. The figure substantiates the company’s efficiency in utilizing shareholders’ funds.Some of the recent buyouts made by its operating units include the outsourced chief i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMBC":"Ambac Financial Group Inc.","MMC":"威达信集团","ROOT":"Root, Inc.","BRO":"布朗保险经纪","BK4173":"保险经纪商","BK4551":"寇图资本持仓","LU0238689110.USD":"贝莱德环球动力股票基金","OCIO":"ClearShares OCIO ETF","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4505":"高瓴资本持仓","BK4107":"财产与意外伤害保险","BK4581":"高盛持仓","BK4588":"碎股","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H"},"translate_title":"这就是您现在应该持有Marsh&McLennan(MMC)股票的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMBC":1,"BRO":1,"MMC":1,"OCIO":1,"ROOT":1},"content_text":"Marsh & McLennan Companies, Inc. MMC is well-poised for growth on the back of continued demand for its products, new business growth, frequent acquisitions and a commendable financial position.\nZacks Rank & Price Rally\nMarsh & McLennan currently carries a Zacks Rank #3 (Hold).\nThe stock has gained 17.4% in the past year compared with the industry’s 10.3% growth.\nImage Source: Zacks Investment Research\nOptimistic Growth Projections\nThe Zacks Consensus Estimate for Marsh & McLennan’s 2024 earnings is pegged at $8.68 per share, indicating an 8.6% increase from the 2023 reported figure. The same for revenues is $24.3 billion, implying 7% growth from the prior-year number.\nThe consensus estimate for 2025 earnings is pegged at $9.38 per share, suggesting 8% growth from the 2024 estimate. The same for revenues is $25.7 billion, which indicates a rise of 5.6% from the prior-year estimate.\nMMC boasts an impressive surprise history. Its earnings outpaced estimates in each of the trailing four quarters, the average surprise being 6.5%.\nSolid Return on Equity\nThe return on equity for Marsh & McLennan is currently 34.1%, which is higher than the industry’s average of 31.1%. The figure substantiates the company’s efficiency in utilizing shareholders’ funds.\nKey Drivers\nMarsh & McLennan’s top line should continue to benefit from solid contributions by the Risk and Insurance Services and, Consulting segments. Its revenues have consistently grown since 2010, except for in 2015. Management expects to generate mid-single digits or higher underlying revenue growth in 2024.\nNew business growth, higher renewal rates, and improved insurance and reinsurance rates coupled with a growing global economy drive the Risk and Insurance Services segment, which accounted for around 66% of MMC’s overall top line in the first quarter of 2024. The unit completed two acquisitions in the first quarter of two leading agencies in Louisiana.\nThe Consulting unit contributed roughly 34% of consolidated revenues in the first quarter. The segment is aided by the sustained demand for health, wealth and career solutions and consulting services. Moreover, the segment's performance is also driven by a growing client base, collaborations and partnerships and enhancing the delivery of value-added services. Expansion initiatives and rising demand for its services poise the segment well for growth. The segment completed four buyouts in the first quarter.\nMarsh & McLennan follows an active inorganic growth strategy throughout the year. MMC makes frequent acquisitions within its different operating units that enable it to delve deep into new regions, solidify its presence within the existing ones, venture into new businesses and specialize within its existing businesses. It expended $347 million on acquisitions in the first quarter of 2024.\nSome of the recent buyouts made by its operating units include the outsourced chief investment officer (OCIO) business of Vanguard, a leading investment management firm, and two middle-market agencies of Louisiana, Querbes & Nelson (Q&N) and Louisiana Companies. Vanguard’s OCIO business was purchased by Mercer, a unit within the Consulting segment. Q&N and Louisiana Companies were acquired by a division of MMC’s Marsh business, Marsh McLennan Agency. It also acquired Perkins Insurance Agencies and Fisher Brown Bottrell Insurance in June 2024. Oliver Wyman and Mercer completed the acquisitions of Veritas Total Solutions and Cardano, respectively. To streamline operations, the company sold its Mercer UK pension administration and U.S. health and benefits administration businesses.\nA solid financial position is a dire need to maintain an active acquisition spree and other growth-related initiatives. Marsh & McLennan boasts solid cash reserves and robust cash-generating abilities. Its adjusted free cash flow rose 14% year over year in the first quarter.\nAn impressive financial stand also enables MMC to return value to shareholders through share buybacks and dividend payments. MMC has been hiking dividends for 14 straight years. Its dividend yield of 1.3% remains higher than the industry average of 1.1%. It plans to deploy roughly $4.5 billion in capital in 2024 on dividends, buyouts and share buybacks.\nHowever, MMC’s operating expenses rose 8.3% in the first quarter of 2024, mainly due to higher compensation and benefits expenses. Rising costs can affect its margins.\nStocks to Consider\nSome better-ranked stocks in the broader Finance space are Ambac Financial Group, Inc. AMBC, Brown & Brown, Inc. BRO and Root, Inc. ROOT. Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for Ambac Financial’s current-year earnings is pegged at $1.45 per share, which witnessed one upward estimate revision in the past month against no movement in the opposite direction. It beat earnings estimates in all the past four quarters, with an average surprise of 893.5%.\nThe Zacks Consensus Estimate for Brown & Brown’s current-year earnings is pegged at $3.51 per share, which indicates 24.9% year-over-year growth. It has witnessed five upward estimate revisions against none in the opposite direction during the past month. BRO beat earnings estimates in each of the past four quarters, with an average surprise of 11.9%.\nThe consensus mark for ROOT’s current-year earnings indicates a 35.6% year-over-year improvement. It beat earnings estimates in all the past four quarters, with an average surprise of 34.1%. Furthermore, the consensus estimate for Root’s 2024 revenues suggests 125.3% year-over-year growth.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMarsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report\nBrown & Brown, Inc. (BRO) : Free Stock Analysis Report\nAmbac Financial Group, Inc. (AMBC) : Free Stock Analysis Report\nRoot, Inc. (ROOT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445223200"}