Zions Bancorporation National Association UT Invests $4.95 Million in Marsh & McLennan Companies, Inc. $MRSH

Zions Bancorporation National Association UT bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 26,699 shares of the financial services provider’s stock, valued at approximately $4,953,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after buying an additional 2,960 shares during the last quarter. Bison Wealth LLC increased its holdings in Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after buying an additional 869 shares during the last quarter. Glenview Trust co increased its holdings in Marsh & McLennan Companies by 10.8% in the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock valued at $852,000 after buying an additional 379 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in Marsh & McLennan Companies by 18,440.0% in the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock valued at $203,000 after buying an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $1,307,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 1.1%

Shares of NYSE MRSH opened at $167.30 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $80.82 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MRSH. Bank of America lowered their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group lowered their target price on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Barclays lowered their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $200.19.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

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.