Market Update: Marsh & McLennan Companies Inc (NYSE:MMC) – Marsh & McLennan Agency Acquires Corporate Consulting Services

[Business Wire] – Marsh & McLennan Agency LLC , the middle market agency subsidiary of Marsh, today announced it has acquired Corporate Consulting Services, Ltd., a New York-based insurance brokerage and human resource consulting firm. Read more on this. Marsh & McLennan Companies, Inc. (MMC) , valued at $31.97B, opened at $61.36. During the trading session, MMC traded between $61.15 to $61.61 and has traded between $50.81 and $61.61 over the past year. MMC shares are currently priced at 18.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.56x forward p/e ratio. And for passive income investors, the company pays shareholders $1.24 per share annually in dividends, yielding 2.02%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.90 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $3.34, which would be a $0.29 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.31 Billion. If realized, that would be a 2.80% increase over the year-ago quarter. More recently, Keefe Bruyette upgraded MMC from Mkt Perform to Outperform (Jan 13, 2016). Previously, Credit Suisse downgraded MMC from Outperform to Neutral. With the above information in mind, readers should note that the average price target is $60.90, which is 0.75% below where the stock opened this morning. See more in (NYSE:MMC) Similar Articles: 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 Market Update (NYSE:MMC): Marsh & McLennan Agency Acquires Dawson Insurance