Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,984 shares of the financial services provider’s stock after selling 3,437 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marsh & McLennan Companies were worth $5,640,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MRSH. Hanson & Doremus Investment Management grew its holdings in shares of Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 54 shares in the last quarter. OneAscent Wealth Management LLC lifted its position in Marsh & McLennan Companies by 6.1% in the second quarter. OneAscent Wealth Management LLC now owns 1,046 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 60 shares during the period. Bank of Nova Scotia Trust Co. boosted its stake in Marsh & McLennan Companies by 6.7% during the second quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock worth $207,000 after buying an additional 60 shares in the last quarter. Finally, Ashton Thomas Securities LLC raised its stake in shares of Marsh & McLennan Companies by 1.8% in the 3rd quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock valued at $736,000 after buying an additional 63 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MRSH. Cantor Fitzgerald lifted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings began coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Mizuho reissued a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. Finally, Evercore decreased their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $216.18.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $183.43 on Friday. The company has a market capitalization of $88.80 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a one year low of $170.37 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.