Zions Bancorporation N.A. Has $5.28 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Zions Bancorporation N.A. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,648 shares of the financial services provider’s stock after purchasing an additional 2,946 shares during the quarter. Zions Bancorporation N.A.’s holdings in Marsh & McLennan Companies were worth $5,276,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MMC. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after purchasing an additional 119,236 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Marsh & McLennan Companies by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after purchasing an additional 380,828 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after buying an additional 223,257 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Marsh & McLennan Companies by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after buying an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. grew its position in Marsh & McLennan Companies by 1.3% in the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after acquiring an additional 40,182 shares during the period. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 approximately $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MMC. Wells Fargo & Company lowered their target price 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. 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 report on Friday, October 18th. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays began coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of 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. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The company has a 50 day moving average price of $224.56 and a two-hundred day moving average price of $217.70. The company has a market capitalization of $110.82 billion, a PE ratio of 27.79, a PEG ratio of 3.35 and a beta of 0.94.

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

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

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.