Etrade Capital Management Lowers stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Etrade Capital Management reduced its stake in Marsh & McLennan Companies by 1.32% during the most recent quarter end. The investment management company now holds a total of 64,043 shares of Marsh & McLennan Companies which is valued at $4,315,858 after selling 854 shares in Marsh & McLennan Companies , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Marsh & McLennan Companies makes up approximately 0.22% of Etrade Capital Management’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in MMC by selling 19,513 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 589,446 shares of MMC which is valued at $39,722,766. Marsh & McLennan Companies makes up approx 0.12% of Guggenheim Capital’s portfolio.Proshare Advisors reduced its stake in MMC by selling 23,359 shares or 15.43% in the most recent quarter. The Hedge Fund company now holds 128,000 shares of MMC which is valued at $8,625,920. Marsh & McLennan Companies makes up approx 0.11% of Proshare Advisors’s portfolio.Sg Americas Securities reduced its stake in MMC by selling 42,044 shares or 56.99% in the most recent quarter. The Hedge Fund company now holds 31,725 shares of MMC which is valued at $2,099,243. Marsh & McLennan Companies makes up approx 0.02% of Sg Americas Securities’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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