Marsh & McLennan Companies (MMC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.90. The company posted revenue of $3376.00 million in the period, 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 & McLennan Companies opened for trading at $66.42 and hit $66.745 on the upside on Thursday, eventually ending the session at $66.55, with a gain of 0.12% or 0.08 points. The heightened volatility saw the trading volume jump to 25,26,930 shares. Company has a market cap of $34,688 M.
In a different news, on Jun 3, 2016, Maria Silvia Bastos Marques (director) sold 1 shares at $66.17 per share price. According to the SEC, 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.