Market Update (NYSE:MMC): Marsh & McLennan Companies to Webcast 2016 Annual Meeting of Shareholders on May 19

[Business Wire] – Marsh & McLennan Companies, Inc. will webcast its 2016 annual meeting of shareholders on Thursday, May 19, 2016, at 10:00 a.m. Eastern time. Read more on this. Marsh & McLennan Companies, Inc. (MMC) , valued at $33.55B, started the session at $64.09. Today, shares have traded between $63.81 and $64.52 per share and has traded between $50.81 and $64.62 over the past 12 months. MMC shares are currently priced at 18.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.15x earnings multiple for the same period. The company pays shareholders $1.24 per share annually in dividends, yielding 1.96%. According to a consensus of 23 analysts, the earnings estimate of $0.91 per share would be $0.11 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $3.39, which would be a $0.34 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.38 Billion. If realized, that would be a 4.97% increase over the year-ago quarter. In terms of ratings, Keefe Bruyette upgraded MMC from Mkt Perform to Outperform (Jan 13, 2016). Previously, Credit Suisse downgraded MMC from Outperform to Neutral. The average price target for MMC shares by the analysts covering it is $66.40, which is 3.60% above where the stock opened. See more in (NYSE:MMC) Similar Articles: Market Update: Marsh & McLennan Companies Inc (NYSE:MMC) – Marsh & McLennan Agency Acquires Corporate Consulting Services Company Update: Marsh & McLennan Companies Inc (NYSE:MMC) – Marsh & Mclennan Agency Acquires Aviation Solutions, LLC Market Update (NYSE:MMC): Marsh & McLennan Companies to Hold Investor Call on February 4 to Discuss Fourth Quarter and Full-Year Results