Riverpoint Capital Management buys $21,166,053 stake in Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies (MMC) : Riverpoint Capital Management scooped up 4,202 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 12, 2016. The investment management firm now holds a total of 314,083 shares of Marsh & McLennan Companies which is valued at $21,166,053.Marsh & McLennan Companies makes up approximately 1.82% of Riverpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in MMC in the latest quarter, The investment management firm added 960 additional shares and now holds a total of 16,240 shares of Marsh & McLennan Companies which is valued at $1,094,414. Marsh & McLennan Companies makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio. Pacad Investment Ltd. added MMC to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $539,120. Marsh & McLennan Companies makes up approx 0.07% of Pacad Investment Ltd.’s portfolio.Apg Asset Management N.v. boosted its stake in MMC in the latest quarter, The investment management firm added 133,200 additional shares and now holds a total of 1,882,451 shares of Marsh & McLennan Companies which is valued at $126,858,373. Marsh & McLennan Companies makes up approx 0.23% of Apg Asset Management N.v.’s portfolio.Blackrock Advisors boosted its stake in MMC in the latest quarter, The investment management firm added 1,099,274 additional shares and now holds a total of 2,663,583 shares of Marsh & McLennan Companies which is valued at $179,498,858. Marsh & McLennan Companies makes up approx 0.19% of Blackrock Advisors’s portfolio. Nine Chapters Capital Management sold out all of its stake in MMC during the most recent quarter. The investment firm sold 17,600 shares of MMC which is valued $1,180,432.

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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