Crossmark Global Holdings Inc. Has $9.51 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Crossmark Global Holdings Inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,626 shares of the financial services provider's stock after acquiring an additional 10,766 shares during the period. Crossmark Global Holdings Inc.'s holdings in Marsh & McLennan Companies were worth $9,509,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MMC. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $27,000. Carmichael Hill & Associates Inc. increased its stake in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Crewe Advisors LLC boosted its holdings in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after acquiring an additional 171 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Finally, 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 on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $225.33.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 0.7 %

Shares of NYSE:MMC traded down $1.57 on Monday, hitting $223.79. 1,576,836 shares of the company's stock were exchanged, compared to its average volume of 1,688,278. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $109.91 billion, a PE ratio of 27.76, a P/E/G ratio of 3.35 and a beta of 0.94. The firm's 50-day moving average is $224.83 and its 200 day moving average is $217.29.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share 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 business had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

About Marsh & McLennan Companies

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.