Marsh & McLennan Companies (MMC) : Schaper Benz Wise Investment Counsel Incwi reduced its stake in Marsh & McLennan Companies by 6.04% during the most recent quarter end. The investment management company now holds a total of 47,638 shares of Marsh & McLennan Companies which is valued at $2,962,607 after selling 3,060 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Marsh & McLennan Companies makes up approximately 0.55% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.
Marsh & McLennan Companies closed down -0.31 points or -0.50% at $62.23 with 17,13,927 shares getting traded on Wednesday. Post opening the session at $62.54, the shares hit an intraday low of $62.12 and an intraday high of $62.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in MMC by selling 139,713 shares or 15.58% in the most recent quarter. The Hedge Fund company now holds 757,204 shares of MMC which is valued at $47,090,517. Marsh & McLennan Companies makes up approx 0.40% of Gateway Investment Advisers’s portfolio. Integrated Investment Consultants added MMC to its portfolio by purchasing 2,128 company shares during the most recent quarter which is valued at $132,617. Marsh & McLennan Companies makes up approx 0.07% of Integrated Investment Consultants’s portfolio. Capital Asset Advisory Services added MMC to its portfolio by purchasing 5,982 company shares during the most recent quarter which is valued at $372,798. Marsh & McLennan Companies makes up approx 0.43% of Capital Asset Advisory Services’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 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.