Zions Bancorporation N.A. Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Zions Bancorporation N.A. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,648 shares of the financial services provider’s stock after buying an additional 2,946 shares during the quarter. Zions Bancorporation N.A.’s holdings in Marsh & McLennan Companies were worth $5,276,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MMC. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Crewe Advisors LLC increased its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MMC shares. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased 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 report on Friday, October 18th. Finally, Bank of America lifted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $225.33.

Marsh & McLennan Companies Trading Up 0.2 %

NYSE MMC opened at $225.64 on Thursday. 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 50-day simple moving average of $224.56 and a 200-day simple moving average of $217.70. The firm has a market capitalization of $110.82 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the business earned $1.57 earnings per share. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.