Bokf Na Has $2.60 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bokf Na grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,443 shares of the financial services provider’s stock after purchasing an additional 232 shares during the period. Bokf Na’s holdings in Marsh & McLennan Companies were worth $2,602,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $38,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $39,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. UBS Group increased their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Raymond James reaffirmed an “outperform” rating and set 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, Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Price Performance

MMC opened at $228.12 on Thursday. The company has a fifty day simple moving average of $230.56 and a 200 day simple moving average of $224.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $112.40 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $201.77 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter in the previous year, the business posted $2.89 EPS. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is 39.95%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was 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 of the company’s stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the business’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 value of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by corporate insiders.

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.