Heartwood Wealth Management Ltd Exits Position in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Heartwood Wealth Management Ltd has sold out all of its stake in Marsh & McLennan Companies during the most recent quarter, according to the disclosure filed by the company on Jul 15, 2016 with the SEC. The investment management company has sold out 2,209 shares of Marsh & McLennan Companies which is valued at $146,810.

Other Hedge Funds, Including , Hall Laurie J Trustee reduced its stake in MMC by selling 200 shares or 5.71% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of MMC which is valued at $221,265. Marsh & McLennan Companies makes up approx 0.14% of Hall Laurie J Trustee’s portfolio. Atria Investments added MMC to its portfolio by purchasing 3,804 company shares during the most recent quarter which is valued at $255,058. Marsh & McLennan Companies makes up approx 0.03% of Atria Investments’s portfolio. Kempner Capital Management sold out all of its stake in MMC during the most recent quarter. The investment firm sold 45,684 shares of MMC which is valued $3,068,594.

Marsh & McLennan Companies closed down -0.06 points or -0.09% at $66.46 with 17,36,355 shares getting traded on Monday. Post opening the session at $66.68, the shares hit an intraday low of $66.365 and an intraday high of $66.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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