Zacks Investment Management buys $40,612,179 stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Zacks Investment Management scooped up 7,430 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 15, 2016. The investment management firm now holds a total of 602,644 shares of Marsh & McLennan Companies which is valued at $40,612,179.Marsh & McLennan Companies makes up approximately 1.19% of Zacks Investment Management’s portfolio.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd added MMC to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $13,478. Marsh & McLennan Companies makes up approx 0.02% of Point72 Asia (hong Kong) Ltd’s portfolio.Parametric Portfolio Associates boosted its stake in MMC in the latest quarter, The investment management firm added 38,090 additional shares and now holds a total of 1,297,604 shares of Marsh & McLennan Companies which is valued at $87,445,534. Marsh & McLennan Companies makes up approx 0.13% of Parametric Portfolio Associates’s portfolio.Boston Private Wealth boosted its stake in MMC in the latest quarter, The investment management firm added 7,109 additional shares and now holds a total of 116,416 shares of Marsh & McLennan Companies which is valued at $7,703,247. Marsh & McLennan Companies makes up approx 0.31% of Boston Private Wealth’s portfolio.

Marsh & McLennan Companies opened for trading at $67.77 and hit $68.1 on the upside on Thursday, eventually ending the session at $67.79, with a gain of 0.24% or 0.16 points. The heightened volatility saw the trading volume jump to 15,70,607 shares. Company has a market cap of $35,131 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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