Voya Investment Management LLC Buys 31,455 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Voya Investment Management LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 202,440 shares of the financial services provider’s stock after purchasing an additional 31,455 shares during the quarter. Voya Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $43,000,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MMC. Modera Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 46 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management increased its holdings in Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. raised its stake in shares of Marsh & McLennan Companies by 0.9% in the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock valued at $1,224,000 after buying an additional 49 shares in the last quarter. Finally, New England Professional Planning Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. This represents a 31.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE:MMC opened at $219.37 on Friday. The company has a market cap of $108.09 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average price is $231.78 and its two-hundred day moving average price is $224.63. Marsh & McLennan Companies, Inc. has a 52-week low of $196.72 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) 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 last year, the business earned $2.89 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. Marsh & McLennan Companies’s payout ratio is presently 39.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MMC shares. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Finally, UBS Group increased their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $241.93.

About Marsh & McLennan Companies

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.