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

Crossmark Global Holdings Inc. lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth $3,710,000. Czech National Bank grew its position in shares of Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after purchasing an additional 6,282 shares in the last quarter. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Citigroup Inc. boosted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after buying an additional 23,445 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its stake in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after acquiring an additional 3,880 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $228.60.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated 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 $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Up 1.4 %

NYSE MMC opened at $218.21 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The firm has a 50 day simple moving average of $218.45 and a 200-day simple moving average of $221.23. The firm has a market cap of $107.17 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.38 and a beta of 0.96. 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 Announces Dividend

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

About Marsh & McLennan Companies

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.