Stiles Financial Services Inc Has $287,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stiles Financial Services Inc lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,285 shares of the financial services provider’s stock after selling 81 shares during the quarter. Stiles Financial Services Inc’s holdings in Marsh & McLennan Companies were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MMC. Assenagon Asset Management S.A. grew its holdings in Marsh & McLennan Companies by 4,991.4% during the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares during the last quarter. M&G Plc bought a new position in Marsh & McLennan Companies in the 1st quarter worth $118,353,000. Bristol Gate Capital Partners Inc. acquired a new position in Marsh & McLennan Companies during the 1st quarter worth $95,139,000. International Assets Investment Management LLC grew its position in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $223.18 on Friday. The firm has a market cap of $109.61 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 3.29 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a 50 day moving average of $224.95 and a 200-day moving average of $216.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

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

Marsh & McLennan Companies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MMC shares. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Barclays began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Finally, Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Company Profile

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.