Crossmark Global Holdings Inc. Buys 204 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Crossmark Global Holdings Inc. lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,860 shares of the financial services provider’s stock after acquiring an additional 204 shares during the period. Crossmark Global Holdings Inc.’s holdings in Marsh & McLennan Companies were worth $6,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $27,000. Sachetta LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Finally, Clear Investment Research LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,735 shares of company stock valued at $6,151,377. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $0.44 during trading on Friday, reaching $227.50. The company’s stock had a trading volume of 1,741,125 shares, compared to its average volume of 1,656,293. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $112.09 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $228.47. The stock has a 50-day moving average price of $218.44 and a two-hundred day moving average price of $209.26.

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

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were issued a dividend of $0.815 per share. 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%. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Analyst Ratings Changes

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

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.