Coho Partners Ltd. buys $98.5 Million stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Coho Partners Ltd. scooped up 58,270 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 11, 2016. The investment management firm now holds a total of 1,540,696 shares of Marsh & McLennan Companies which is valued at $98.5 Million.Marsh & McLennan Companies makes up approximately 4.10% of Coho Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors reduced its stake in MMC by selling 342 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 8,395 shares of MMC which is valued at $536,860. Marsh & McLennan Companies makes up approx 0.01% of Great Lakes Advisors’s portfolio.Buckingham Asset Management reduced its stake in MMC by selling 490 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 4,544 shares of MMC which is valued at $287,272. Marsh & McLennan Companies makes up approx 0.09% of Buckingham Asset Management’s portfolio.Kames Capital Plc reduced its stake in MMC by selling 3,102 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 35,003 shares of MMC which is valued at $2.2 Million. Marsh & McLennan Companies makes up approx 0.07% of Kames Capital Plc’s portfolio.

Marsh & McLennan Companies opened for trading at $63.83 and hit $64.75 on the upside on Monday, eventually ending the session at $64.45, with a gain of 0.78% or 0.5 points. The heightened volatility saw the trading volume jump to 20,48,744 shares. Company has a market cap of $33,593 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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