Murphy Pohlad Asset Management Lowers stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Murphy Pohlad Asset Management reduced its stake in Marsh & McLennan Companies by 4.63% during the most recent quarter end. The investment management company now holds a total of 7,630 shares of Marsh & McLennan Companies which is valued at $501,138 after selling 370 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Marsh & McLennan Companies makes up approximately 0.38% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in MMC in the latest quarter, The investment management firm added 24,016 additional shares and now holds a total of 25,040 shares of Marsh & McLennan Companies which is valued at $1,644,627. Marsh & McLennan Companies makes up approx 0.06% of Msi Financial Services Inc’s portfolio.Capstone Asset Management Co boosted its stake in MMC in the latest quarter, The investment management firm added 2,660 additional shares and now holds a total of 46,121 shares of Marsh & McLennan Companies which is valued at $3,022,309. Marsh & McLennan Companies makes up approx 0.09% of Capstone Asset Management Co’s portfolio.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.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 closed down -0.9 points or -1.35% at $65.53 with 15,96,000 shares getting traded on Tuesday. Post opening the session at $66.1, the shares hit an intraday low of $65.39 and an intraday high of $66.37 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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