Crossmark Global Holdings Inc. Has $6.71 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Crossmark Global Holdings Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the second quarter, Holdings Channel reports. The fund owned 31,860 shares of the financial services provider’s stock after acquiring an additional 204 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marsh & McLennan Companies were worth $6,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $25,000. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at $27,000. Sachetta LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $29,000. Finally, Clear Investment Research LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $33,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

MMC stock traded up $0.44 during midday trading on Friday, reaching $227.50. 1,741,125 shares of the company’s stock traded hands, compared to its average volume of 1,656,293. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $228.47. The company has a market cap of $112.09 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 3.20 and a beta of 0.94. The firm’s fifty day moving average price is $218.44 and its 200-day moving average price is $209.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MMC. Bank of America increased their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $214.25.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders sold a total of 27,735 shares of company stock worth $6,151,377 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies 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.