Formulafolio Investments adds Marsh & McLennan Companies (MMC) to its portfolio

Marsh & McLennan Companies (MMC) : Formulafolio Investments added new position in Marsh & McLennan Companies during the most recent quarter end. The investment management firm now holds 14,538 shares of Marsh & McLennan Companies which is valued at $979,425 , the company said in a statement filed on Aug 8, 2016 with the SEC.Marsh & McLennan Companies makes up approximately 0.16% of Formulafolio Investments’s portfolio.

Other Hedge Funds, Including , Assetmark Inc boosted its stake in MMC in the latest quarter, The investment management firm added 10,450 additional shares and now holds a total of 119,769 shares of Marsh & McLennan Companies which is valued at $8,068,838. Marsh & McLennan Companies makes up approx 0.13% of Assetmark Inc’s portfolio.Quadrant Capital Group reduced its stake in MMC by selling 76 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 2,531 shares of MMC which is valued at $166,413. Marsh & McLennan Companies makes up approx 0.11% of Quadrant Capital Group’s portfolio.Northwest Investment Counselors boosted its stake in MMC in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 19,217 shares of Marsh & McLennan Companies which is valued at $1,277,546. Marsh & McLennan Companies makes up approx 0.67% of Northwest Investment Counselors’s portfolio.

Marsh & McLennan Companies closed down -0.02 points or -0.03% at $67.37 with 17,91,406 shares getting traded on Monday. Post opening the session at $67.4, the shares hit an intraday low of $67.2601 and an intraday high of $67.5999 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 $0.91 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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