Investec Asset Management (pty) Ltd adds Marsh & McLennan Companies (MMC) to its portfolio

Marsh & McLennan Companies (MMC) : Investec Asset Management (pty) Ltd added new position in Marsh & McLennan Companies during the most recent quarter end. The investment management firm now holds 909 shares of Marsh & McLennan Companies which is valued at $61,258 , the company said in a statement filed on Aug 12, 2016 with the SEC.Marsh & McLennan Companies makes up approximately 0.05% of Investec Asset Management (pty) Ltd’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in MMC by selling 2,454 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 31,873 shares of MMC which is valued at $2,147,921. Marsh & McLennan Companies makes up approx 0.02% of Raymond James Financial Services Advisors’s portfolio.Tredje Ap-fonden boosted its stake in MMC in the latest quarter, The investment management firm added 6,948 additional shares and now holds a total of 55,757 shares of Marsh & McLennan Companies which is valued at $3,757,464. Marsh & McLennan Companies makes up approx 0.16% of Tredje Ap-fonden’s portfolio.Tradition Capital Management reduced its stake in MMC by selling 6,223 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 97,360 shares of MMC which is valued at $6,442,311. Marsh & McLennan Companies makes up approx 2.09% of Tradition Capital Management’s portfolio.

Marsh & McLennan Companies opened for trading at $67.23 and hit $68.145 on the upside on Monday, eventually ending the session at $67.92, with a gain of 1.09% or 0.73 points. The heightened volatility saw the trading volume jump to 12,55,853 shares. Company has a market cap of $35,199 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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