Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Reduced by Stiles Financial Services Inc

Stiles Financial Services Inc lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,285 shares of the financial services provider’s stock after selling 81 shares during the period. Stiles Financial Services Inc’s holdings in Marsh & McLennan Companies were worth $287,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Carmichael Hill & Associates Inc. boosted its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $31,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of MMC stock opened at $223.18 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $224.95 and a 200 day simple moving average of $216.86. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32. The stock has a market capitalization of $109.61 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MMC shares. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Barclays initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $225.33.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.