Wellington Management Group Llp buys $3,299.9 Million stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Wellington Management Group Llp scooped up 2,023,497 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 13, 2016. The investment management firm now holds a total of 51,600,921 shares of Marsh & McLennan Companies which is valued at $3,299.9 Million.Marsh & McLennan Companies makes up approximately 0.87% of Wellington Management Group Llp’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in MMC by selling 2,963 shares or 44.54% in the most recent quarter. The Hedge Fund company now holds 3,690 shares of MMC which is valued at $235,976. Marsh & McLennan Companies makes up approx 0.06% of Mizuho Asset Managementltd.’s portfolio.Thrivent Financial For Lutherans boosted its stake in MMC in the latest quarter, The investment management firm added 630 additional shares and now holds a total of 15,280 shares of Marsh & McLennan Companies which is valued at $977,156.United Capital Financial Advisers boosted its stake in MMC in the latest quarter, The investment management firm added 1,069 additional shares and now holds a total of 8,643 shares of Marsh & McLennan Companies which is valued at $552,720. Marsh & McLennan Companies makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Rmb Capital Management reduced its stake in MMC by selling 8,161 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 171,330 shares of MMC which is valued at $11 Million. Marsh & McLennan Companies makes up approx 0.81% of Rmb Capital Management’s portfolio.Td Asset Management Inc boosted its stake in MMC in the latest quarter, The investment management firm added 139,414 additional shares and now holds a total of 1,574,664 shares of Marsh & McLennan Companies which is valued at $99.6 Million. Marsh & McLennan Companies makes up approx 0.19% of Td Asset Management Inc’s portfolio.

Marsh & McLennan Companies opened for trading at $65.61 and hit $66.09 on the upside on Wednesday, eventually ending the session at $65.64, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 18,03,222 shares. Company has a market cap of $34,214 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.

Investors should note that on May 19, 2016, Marsh & McLennan Companies announced a cash dividend of $0.3400. The company’s management has announced Jul 7, 2016 as the ex-dividend date and fixed the record date on Jul 11, 2016. The payable date has been fixed on Aug 15, 2016.

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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