Birch Hill Investment Advisors buys $42,126,365 stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Birch Hill Investment Advisors scooped up 9,538 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 12, 2016. The investment management firm now holds a total of 625,113 shares of Marsh & McLennan Companies which is valued at $42,126,365.Marsh & McLennan Companies makes up approximately 3.90% of Birch Hill Investment Advisors’s portfolio.

Other Hedge Funds, Including , Aperio Group reduced its stake in MMC by selling 9,442 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 192,818 shares of MMC which is valued at $12,994,005. Marsh & McLennan Companies makes up approx 0.10% of Aperio Group’s portfolio.Alliancebernstein boosted its stake in MMC in the latest quarter, The investment management firm added 50,261 additional shares and now holds a total of 1,298,812 shares of Marsh & McLennan Companies which is valued at $87,526,941. Marsh & McLennan Companies makes up approx 0.07% of Alliancebernstein’s portfolio.Coldstream Capital Management Inc reduced its stake in MMC by selling 7,434 shares or 23.66% in the most recent quarter. The Hedge Fund company now holds 23,989 shares of MMC which is valued at $1,616,139. Marsh & McLennan Companies makes up approx 0.27% of Coldstream Capital Management Inc’s portfolio.Osborne Partners Capital Management reduced its stake in MMC by selling 7,880 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 100,593 shares of MMC which is valued at $6,682,393. Marsh & McLennan Companies makes up approx 0.96% of Osborne Partners Capital Management’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in MMC in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 126,687 shares of Marsh & McLennan Companies which is valued at $8,494,363. Marsh & McLennan Companies makes up approx 0.08% of Nn Investment Partners Holdings N.v.’s portfolio.

Marsh & McLennan Companies opened for trading at $67.23 and hit $68.145 on the upside on Monday, eventually ending the session at $67.92, with a gain of 1.09% or 0.73 points. The heightened volatility saw the trading volume jump to 12,55,853 shares. Company has a market cap of $35,199 M.

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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