Johnson Investment Counsel Inc Lowers stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Johnson Investment Counsel Inc reduced its stake in Marsh & McLennan Companies by 1.89% during the most recent quarter end. The investment management company now holds a total of 549,685 shares of Marsh & McLennan Companies which is valued at $35.2 Million after selling 10,578 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on May 13, 2016.Marsh & McLennan Companies makes up approximately 1.24% of Johnson Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management added MMC to its portfolio by purchasing 1,985 company shares during the most recent quarter which is valued at $126,941.Investec Asset Management Ltd reduced its stake in MMC by selling 13,872 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 292,314 shares of MMC which is valued at $18.7 Million. Marsh & McLennan Companies makes up approx 0.10% of Investec Asset Management Ltd’s portfolio.Boston Partners reduced its stake in MMC by selling 871,232 shares or 25.3% in the most recent quarter. The Hedge Fund company now holds 2,572,403 shares of MMC which is valued at $164.5 Million. Marsh & McLennan Companies makes up approx 0.24% of Boston Partners’s portfolio.Advantus Capital Management Inc boosted its stake in MMC in the latest quarter, The investment management firm added 328 additional shares and now holds a total of 50,622 shares of Marsh & McLennan Companies which is valued at $3.2 Million. Marsh & McLennan Companies makes up approx 0.10% of Advantus Capital Management Inc’s portfolio. Wellington Shields Capital Management added MMC to its portfolio by purchasing 4,500 company shares during the most recent quarter which is valued at $284,490. Marsh & McLennan Companies makes up approx 0.05% of Wellington Shields Capital Management’s portfolio.

Marsh & McLennan Companies opened for trading at $65.61 and hit $66.09 on the upside on Wednesday, eventually ending the session at $65.64, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 18,03,222 shares. Company has a market cap of $34,214 M.

On the company’s financial health, Marsh & McLennan Companies reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.88. The company had revenue of $3336.00 million for the quarter, compared to analysts expectations of $3294.01 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Investors should note that on May 19, 2016, Marsh & McLennan Companies announced a cash dividend of $0.3400. The company’s management has announced Jul 7, 2016 as the ex-dividend date and fixed the record date on Jul 11, 2016. The payable date has been fixed on Aug 15, 2016.

Many Wall Street Analysts have commented on Marsh & McLennan Companies. Company shares were Reiterated by MKM Partners on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $56 .

Marsh and McLennan Companies Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking reinsurance broking and insurance program management services for businesses public entities insurance companies associations professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer provides consulting expertise advice services and solutions in the areas of health retirement talent and investments and Oliver Wyman Group provides specialized management and economic and brand consulting services.

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