Crossmark Global Holdings Inc. Reduces Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Crossmark Global Holdings Inc. reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,514 shares of the financial services provider’s stock after selling 2,112 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marsh & McLennan Companies were worth $8,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Carmichael Hill & Associates Inc. increased its stake 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 valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies in the third quarter valued at $46,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. BMO Capital Markets upped their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Finally, Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $228.60.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $218.21 on Wednesday. The company has a market cap of $107.17 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The business has a fifty day moving average of $218.45 and a two-hundred day moving average of $221.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.