Tradition Capital Management Lowers stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Tradition Capital Management reduced its stake in Marsh & McLennan Companies by 6.86% during the most recent quarter end. The investment management company now holds a total of 103,583 shares of Marsh & McLennan Companies which is valued at $6.6 Million after selling 7,630 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 2.21% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Segment Wealth Management boosted its stake in MMC in the latest quarter, The investment management firm added 709 additional shares and now holds a total of 52,802 shares of Marsh & McLennan Companies which is valued at $3.4 Million. Marsh & McLennan Companies makes up approx 1.25% of Segment Wealth Management’s portfolio.Advantus Capital Management Inc boosted its stake in MMC in the latest quarter, The investment management firm added 328 additional shares and now holds a total of 50,622 shares of Marsh & McLennan Companies which is valued at $3.2 Million. Marsh & McLennan Companies makes up approx 0.10% of Advantus Capital Management Inc’s portfolio.Tiaa Cref Investment Management reduced its stake in MMC by selling 877,004 shares or 23.33% in the most recent quarter. The Hedge Fund company now holds 2,882,631 shares of MMC which is valued at $182.2 Million. Marsh & McLennan Companies makes up approx 0.14% of Tiaa Cref Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in MMC in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 179,477 shares of Marsh & McLennan Companies which is valued at $11.3 Million. Marsh & McLennan Companies makes up approx 0.09% of State Treasurer State Of Michigan’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MMC by selling 169,652 shares or 59.24% in the most recent quarter. The Hedge Fund company now holds 116,720 shares of MMC which is valued at $7.4 Million. Marsh & McLennan Companies makes up approx 0.06% of Public Employees Retirement Association Of Colorado’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.

Leave a Reply

Marsh & McLennan Companies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marsh & McLennan Companies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.