Exxonmobil Investment Management Inc Tx Lowers stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Exxonmobil Investment Management Inc Tx reduced its stake in Marsh & McLennan Companies by 1.92% during the most recent quarter end. The investment management company now holds a total of 132,324 shares of Marsh & McLennan Companies which is valued at $8,819,395 after selling 2,597 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Marsh & McLennan Companies makes up approximately 0.19% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in MMC in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 345 shares of Marsh & McLennan Companies which is valued at $22,994. Independent Portfolio Consultants added MMC to its portfolio by purchasing 8,635 company shares during the most recent quarter which is valued at $572,673. Marsh & McLennan Companies makes up approx 0.18% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in MMC by selling 13,328 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 433,655 shares of MMC which is valued at $28,760,000. Marsh & McLennan Companies makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in MMC in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,695 shares of Marsh & McLennan Companies which is valued at $112,412. Marsh & McLennan Companies makes up approx 0.03% of Washington Trust Bank’s portfolio.

Marsh & McLennan Companies opened for trading at $66.49 and hit $66.87 on the upside on Friday, eventually ending the session at $66.65, with a gain of 0.39% or 0.26 points. The heightened volatility saw the trading volume jump to 20,29,271 shares. Company has a market cap of $34,541 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.

Leave a Reply

Marsh & McLennan Companies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marsh & McLennan Companies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.