Marsh & McLennan Companies (MMC) : Capital Management Corp Va reduced its stake in Marsh & McLennan Companies by 4.31% during the most recent quarter end. The investment management company now holds a total of 115,685 shares of Marsh & McLennan Companies which is valued at $7,690,739 after selling 5,216 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Marsh & McLennan Companies makes up approximately 2.83% of Capital Management Corp Va’s portfolio.
Other Hedge Funds, Including , First American Bank boosted its stake in MMC in the latest quarter, The investment management firm added 7,428 additional shares and now holds a total of 11,428 shares of Marsh & McLennan Companies which is valued at $759,733. Marsh & McLennan Companies makes up approx 0.07% of First American Bank’s portfolio.Nisa Investment Advisors boosted its stake in MMC in the latest quarter, The investment management firm added 21,731 additional shares and now holds a total of 241,144 shares of Marsh & McLennan Companies which is valued at $16,026,430. Marsh & McLennan Companies makes up approx 0.21% of Nisa Investment Advisors’s portfolio.
Marsh & McLennan Companies opened for trading at $66.63 and hit $66.69 on the upside on Wednesday, eventually ending the session at $66.43, with a gain of 0.12% or 0.08 points. The heightened volatility saw the trading volume jump to 14,78,617 shares. Company has a market cap of $34,626 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.