Marsh & McLennan Companies (MMC) : National Penn Investors Trust Co Pa reduced its stake in Marsh & McLennan Companies by 9.06% during the most recent quarter end. The investment management company now holds a total of 323,368 shares of Marsh & McLennan Companies which is valued at $20.7 Million after selling 32,220 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on May 11, 2016.Marsh & McLennan Companies makes up approximately 2.36% of National Penn Investors Trust Co Pa’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in MMC by selling 339 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 32,209 shares of MMC which is valued at $2.1 Million. Marsh & McLennan Companies makes up approx 0.02% of Atlantic Trust Group’s portfolio.Blackrock Fund Advisors boosted its stake in MMC in the latest quarter, The investment management firm added 286,191 additional shares and now holds a total of 7,545,646 shares of Marsh & McLennan Companies which is valued at $482.5 Million. Marsh & McLennan Companies makes up approx 0.11% of Blackrock Fund Advisors’s portfolio.Manufacturers Life Insurance Company The reduced its stake in MMC by selling 24,873 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 520,310 shares of MMC which is valued at $33.3 Million. Marsh & McLennan Companies makes up approx 0.05% of Manufacturers Life Insurance Company The’s portfolio.Johnston Asset Management Corp reduced its stake in MMC by selling 4,980 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 507,551 shares of MMC which is valued at $32.1 Million. Marsh & McLennan Companies makes up approx 1.89% of Johnston Asset Management Corp’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.