Marsh & McLennan Companies (MMC) : Tradition Capital Management reduced its stake in Marsh & McLennan Companies by 6.01% during the most recent quarter end. The investment management company now holds a total of 97,360 shares of Marsh & McLennan Companies which is valued at $6,442,311 after selling 6,223 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Marsh & McLennan Companies makes up approximately 2.09% of Tradition Capital Management’s portfolio.
Other Hedge Funds, Including , Everence Capital Management Inc boosted its stake in MMC in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 8,530 shares of Marsh & McLennan Companies which is valued at $564,430. Marsh & McLennan Companies makes up approx 0.17% of Everence Capital Management Inc’s portfolio.Whittier Trust Co reduced its stake in MMC by selling 2,600 shares or 24.37% in the most recent quarter. The Hedge Fund company now holds 8,069 shares of MMC which is valued at $530,537. Marsh & McLennan Companies makes up approx 0.02% of Whittier Trust Co’s portfolio. David R. Rahn Associates added MMC to its portfolio by purchasing 19,458 company shares during the most recent quarter which is valued at $1,293,373. Marsh & McLennan Companies makes up approx 0.99% of David R. Rahn Associates’s portfolio.
Marsh & McLennan Companies opened for trading at $66.19 and hit $66.65 on the upside on Thursday, eventually ending the session at $66.3, with a gain of 0.20% or 0.13 points. The heightened volatility saw the trading volume jump to 21,82,365 shares. Company has a market cap of $34,359 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.