Marsh & McLennan Companies (MMC) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.88. The company posted revenue of $3336.00 million in the period, compared to analysts expectations of $3294.01 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on Marsh & McLennan Companies. Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 61 from a previous price target of $64 .
Marsh & McLennan Companies closed down -0.31 points or -0.50% at $62.23 with 17,13,927 shares getting traded on Wednesday. Post opening the session at $62.54, the shares hit an intraday low of $62.12 and an intraday high of $62.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 23, 2016, Robert J Rapport (SVP and Controller) sold 4,688 shares at $59.96 per share price. According to the SEC, on Mar 18, 2016, Peter Zaffino (President & CEO, Marsh) sold 100,000 shares at $60.00 per share price. On Mar 18, 2016, Julio A Portalatin (President and CEO, Mercer) sold 108,651 shares at $60.00 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.