Assetmark Inc buys $8,068,838 stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Assetmark Inc scooped up 10,450 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 8, 2016. The investment management firm now holds a total of 119,769 shares of Marsh & McLennan Companies which is valued at $8,068,838.Marsh & McLennan Companies makes up approximately 0.13% of Assetmark Inc’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in MMC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 4,973 shares of Marsh & McLennan Companies which is valued at $335,031. Marsh & McLennan Companies makes up approx 0.06% of Moors Cabot’s portfolio.Boston Partners boosted its stake in MMC in the latest quarter, The investment management firm added 305,908 additional shares and now holds a total of 2,878,311 shares of Marsh & McLennan Companies which is valued at $191,781,862. Marsh & McLennan Companies makes up approx 0.26% of Boston Partners’s portfolio.Ncm Capital Advisers reduced its stake in MMC by selling 2,100 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 11,393 shares of MMC which is valued at $759,116. Marsh & McLennan Companies makes up approx 2.08% of Ncm Capital Advisers’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 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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