Artisan Partners Limited Partnership buys $495,788,567 stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Artisan Partners Limited Partnership scooped up 147,217 additional shares in Marsh & McLennan Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 7,357,005 shares of Marsh & McLennan Companies which is valued at $495,788,567.Marsh & McLennan Companies makes up approximately 1.00% of Artisan Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Employees Retirement System Of Texas boosted its stake in MMC in the latest quarter, The investment management firm added 43,500 additional shares and now holds a total of 281,500 shares of Marsh & McLennan Companies which is valued at $18,970,285. Marsh & McLennan Companies makes up approx 0.25% of Employees Retirement System Of Texas’s portfolio.Gabelli Funds reduced its stake in MMC by selling 23,000 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 586,000 shares of MMC which is valued at $39,045,180. Marsh & McLennan Companies makes up approx 0.23% of Gabelli Funds’s portfolio.Dumont Blake Investment Advisors boosted its stake in MMC in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 12,155 shares of Marsh & McLennan Companies which is valued at $804,296. Marsh & McLennan Companies makes up approx 0.40% of Dumont Blake Investment Advisors’s portfolio.Capital Management Corp Va reduced its stake in MMC by selling 5,216 shares or 4.31% in the most recent quarter. The Hedge Fund company now holds 115,685 shares of MMC which is valued at $7,690,739. Marsh & McLennan Companies makes up approx 2.83% of Capital Management Corp Va’s portfolio.

Marsh & McLennan Companies closed down -0.17 points or -0.25% at $67.13 with 11,65,601 shares getting traded on Tuesday. Post opening the session at $67.43, the shares hit an intraday low of $67.055 and an intraday high of $67.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Marsh & McLennan Companies reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $3376.00 million for the quarter, compared to analysts expectations of $3370.66 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

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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