Zions Bancorporation N.A. Raises Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. Fortitude Family Office LLC grew its position in Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after acquiring an additional 45 shares during the last quarter. Kingfisher Capital LLC grew its position in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock worth $220,000 after acquiring an additional 47 shares during the last quarter. Drive Wealth Management LLC grew its position in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock worth $291,000 after acquiring an additional 49 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after acquiring an additional 49 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Marsh & McLennan Companies by 0.6% during the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock worth $1,887,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded down $4.23 on Thursday, reaching $221.50. 1,440,219 shares of the company were exchanged, compared to its average volume of 1,685,579. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. The company has a market cap of $108.78 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 3.35 and a beta of 0.94. 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 business has a 50-day moving average price of $224.56 and a 200 day moving average price of $217.70.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping 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 firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the business posted $1.57 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

Analyst Ratings Changes

Several brokerages have commented on MMC. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 target price on the stock. Wells Fargo & Company dropped 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. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a "sell" rating in a research note on Friday, October 18th. Finally, 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 report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average target price of $225.33.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company's stock.

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.