Pensionfund Sabic buys $1.9 Million stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Pensionfund Sabic scooped up 5,100 additional shares in Marsh & McLennan Companies during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 31,400 shares of Marsh & McLennan Companies which is valued at $1.9 Million.Marsh & McLennan Companies makes up approximately 0.58% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in MMC by selling 15,000 shares or 18.14% in the most recent quarter. The Hedge Fund company now holds 67,700 shares of MMC which is valued at $4.1 Million. Marsh & McLennan Companies makes up approx 0.56% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Marsh & McLennan Companies reported $0.71 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $3338.00 million for the quarter, compared to analysts expectations of $3257.37 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Marsh & McLennan Companies. Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 61 from a previous price target of $64 .Marsh & McLennan Companies was Upgraded by Keefe Bruyette to ” Outperform” on Jan 13, 2016. Shares were Downgraded by Credit Suisse on Jan 11, 2016 to ” Neutral” and Lowered the Price Target to $ 54 from a previous price target of $58 .

Marsh & McLennan Companies opened for trading at $60.89 and hit $61.27 on the upside on Monday, eventually ending the session at $60.7, with a gain of 0.31% or 0.19 points. The heightened volatility saw the trading volume jump to 13,52,692 shares. Company has a market cap of $31,638 M.

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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