Marsh & Mclennan Companies, Inc. (MMC): Daniel S Glaser , President and CEO, MMC of Marsh & Mclennan Companies, Inc. sold 163,300 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $64.44 per share for a total value of $10522415 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Peter J Beshar (EVP and General Counsel) sold 110,157 shares at $64.15 per share price.On May 3, 2016, Laurie Ledford (SVP & Chief HR Officer) sold 30,928 shares at $63.49 per share price.Also, On Mar 23, 2016, Robert J Rapport (SVP and Controller) sold 4,688 shares at $59.96 per share price.On Mar 18, 2016, Peter Zaffino (President & CEO, Marsh) sold 100,000 shares at $60.00 per share price.
Marsh & McLennan Companies: On Friday, May 20, 2016 heightened volatility was witnessed in Marsh & McLennan Companies which led to swings in the share price. The shares opened for trading at $64.49 and hit $64.68 on the upside , eventually ending the session at $64.2, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 19,49,878 shares. The 52-week high of the share price is $64.855 and the company has a market cap of $33,463 M . The 52-week low of the share price is at $50.81.
Company has been under the radar of several Street Analysts.Marsh & McLennan Companies is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $56 .The Rating was issued on Apr 29, 2016.
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.