On July 30, Marsh rose 3.03% in regular trading, trading at 198.14 USD/share, with turnover of $3.08 billion, extending its recent strong performance following better-than-expected Q2 results.
The company reported Q2 adjusted EPS of $2.96, beating the consensus estimate of $2.90 by 2.07% and representing an 8.82% year-over-year increase. Revenue came in at $7.404 billion, surpassing expectations of $7.278 billion, up 6.2% year-over-year. Following the results, Jefferies raised its price target from $184 to $193, while Cantor Fitzgerald lifted its target to $218 maintaining an overweight rating. Additionally, the company announced a 10% quarterly dividend increase to $0.99 per share, signaling confidence in future cash flow generation. The current stock price is approaching the analyst consensus target of $202.48. RBC noted that while macro conditions continue to pressure the Risk and Insurance Services segment, consulting operations remain a bright spot.
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