Kempner Capital Management Exits Position in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Kempner Capital Management 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 6, 2016 with the SEC. The investment management company has sold out 45,684 shares of Marsh & McLennan Companies which is valued at $3,068,594.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in MMC by selling 146,451 shares or 61.06% in the most recent quarter. The Hedge Fund company now holds 93,379 shares of MMC which is valued at $6,272,267. Marsh & McLennan Companies makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Integrated Investment Consultants boosted its stake in MMC in the latest quarter, The investment management firm added 228 additional shares and now holds a total of 2,356 shares of Marsh & McLennan Companies which is valued at $159,242. Marsh & McLennan Companies makes up approx 0.08% of Integrated Investment Consultants’s portfolio.

Marsh & McLennan Companies closed down -0.02 points or -0.03% at $67.15 with 21,63,369 shares getting traded on Monday. Post opening the session at $67.59, the shares hit an intraday low of $67.15 and an intraday high of $67.61 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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