Marsh & Mclennan Companies, Inc. (MMC): Maria Silvia Bastos Marques , director of Marsh & Mclennan Companies, Inc. sold 1 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $66.17 per share for a total value of $46.98 , 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 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.Also, On May 3, 2016, Laurie Ledford (SVP & Chief HR Officer) sold 30,928 shares at $63.49 per share price.On Mar 23, 2016, Robert J Rapport (SVP and Controller) sold 4,688 shares at $59.96 per share price.
Shares of Marsh & McLennan Companies (MMC) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.41% at $66.17 with 13,72,869 shares getting traded. Post opening the session at $66.03, the shares hit an intraday low of $65.53 and an intraday high of $66.31 and the price vacillated in this range throughout the day. The company has a market cap of $34,490 M and the number of outstanding shares has been calculated to be 52,12,33,100 shares. The 52-week high of Marsh & McLennan Companies is $66.44 and the 52-week low is $50.81.
On May 19, 2016, Marsh & McLennan Companies announced a cash dividend of $0.3400. The company’s management has announced Jul 7, 2016 as the ex-dividend date and fixed the record date on Jul 11, 2016. The payable date has been fixed on Aug 15, 2016.
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.