Revenue Update on Marsh & McLennan Companies(NYSE:MMC)

Marsh & McLennan Companies(NYSE:MMC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $3.38B. Analysts estimated a revenue of $3.38B. Earnings per share were $0.91. Analysts had estimated an EPS of $0.90.

Marsh & McLennan Companies (MMC) made into the market gainers list on Thursdays trading session with the shares advancing 0.20% or 0.13 points. Due to strong positive momentum, the stock ended at $66.3, which is also near the day’s high of $66.65. The stock began the session at $66.19 and the volume stood at 21,82,365 shares. The 52-week high of the shares is $68.69 and the 52 week low is $50.81. The company has a current market capitalization of $34,359 M and it has 51,82,37,430 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Maria Silvia Bastos Marques (director) sold 1 shares at $66.17 per share price.Also, On May 23, 2016, Daniel S Glaser (President and CEO, MMC) sold 163,300 shares at $64.44 per share price.On May 13, 2016, Peter J Beshar (EVP and General Counsel) sold 110,157 shares at $64.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Marsh & McLennan Companies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marsh & McLennan Companies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.