Zions Bancorporation N.A. Buys 6,360 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Zions Bancorporation N.A. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,008 shares of the financial services provider’s stock after purchasing an additional 6,360 shares during the period. Zions Bancorporation N.A.’s holdings in Marsh & McLennan Companies were worth $6,374,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. grew its position in shares of Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Marsh & McLennan Companies by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock valued at $19,461,000 after purchasing an additional 3,553 shares during the last quarter. Finally, Czech National Bank increased its position in Marsh & McLennan Companies by 6.3% during the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock worth $22,618,000 after buying an additional 6,310 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,828 shares of company stock valued at $13,350,279 over the last three months. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on MMC shares. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of NYSE:MMC opened at $234.82 on Tuesday. The company has a market capitalization of $115.33 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day simple moving average is $227.57 and its 200 day simple moving average is $223.78. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

Marsh & McLennan Companies Profile

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.