Bainco International Investors buys $6.6 Million stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Bainco International Investors scooped up 7,275 additional shares in Marsh & McLennan Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 103,495 shares of Marsh & McLennan Companies which is valued at $6.6 Million.Marsh & McLennan Companies makes up approximately 1.59% of Bainco International Investors’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management boosted its stake in MMC in the latest quarter, The investment management firm added 67,341 additional shares and now holds a total of 595,214 shares of Marsh & McLennan Companies which is valued at $38.1 Million. Marsh & McLennan Companies makes up approx 1.21% of Zacks Investment Management’s portfolio.Ls Investment Advisors reduced its stake in MMC by selling 271 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 45,956 shares of MMC which is valued at $2.9 Million. Marsh & McLennan Companies makes up approx 0.22% of Ls Investment Advisors’s portfolio.Winton Capital Group Ltd reduced its stake in MMC by selling 630,220 shares or 85.4% in the most recent quarter. The Hedge Fund company now holds 107,736 shares of MMC which is valued at $6.8 Million. Marsh & McLennan Companies makes up approx 0.08% of Winton Capital Group Ltd’s portfolio.Cadence Capital Management reduced its stake in MMC by selling 861 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 23,501 shares of MMC which is valued at $1.5 Million. Marsh & McLennan Companies makes up approx 0.10% of Cadence Capital Management’s portfolio.

Marsh & McLennan Companies opened for trading at $64.49 and hit $64.68 on the upside on Friday, eventually ending the session at $64.2, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 19,49,878 shares. Company has a market cap of $33,463 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.

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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