Market Update (NYSE:MMC): Maria Silvia Bastos Marques Resigns from Marsh & McLennan Companies’ Board of Directors

[Business Wire] – Marsh & McLennan Companies, Inc. today announced that, in light of her recent appointment as President of Brazil’s development bank, BNDES, Maria Silvia Bastos Marques has stepped down as a member of its Board of Directors, effective immediately. Read more on this. Marsh & McLennan Companies, Inc. (MMC) , with a current value of $34.70B, opened this morning at $66.47. Looking at the stock, its one day range is $66.32 to $66.71 with the price of the stock fluctuating between $50.81 to $66.84 over the last 52 weeks. MMC shares are currently priced at 19.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.82x earnings multiple. And for passive income investors, the company pays shareholders $1.36 per share annually in dividends, yielding 2.05%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $0.91 per share, which would be $0.11 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.39 would be a $0.34 better when compared to the previous year’s annual results. 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. More recently, 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 $66.68, which is 0.32% above where the stock opened. See more in (NYSE:MMC) Similar Articles: Market Update (NYSE:MMC): Marsh & McLennan Companies to Webcast 2016 Annual Meeting of Shareholders on May 19 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