Marsh & McLennan Companies Inc. (NYSE: MMC) director, Lloyd Yates, last Friday bought 4,000 shares of MMC common stock, according to a filing made with the SEC.
Yates bought the shares at an average price of $37.32 per share. On Wednesday, Marsh & McLennan Companies shares had closed 0.21% higher at $37.93.
Year-to-date, MMC shares have gained more than 10%, compared to a gain of over 9.50% for the S&P 500. In the last one year, MMC shares have gained more than 16.70%, compared to a gain of more than 11.80% for the S&P 500.
Based in New York City, Marsh & McLennan Companies is a professional services firm providing advice and solutions in the areas of risk strategy and human capital.
Marsh & McLennan Companies reported its most recent quarterly results (Q4) last month. For the quarter ended December 31, 2012, the company’s consolidated revenue stood at $3 billion, which represents an increase of 3% over the same period in the previous year.
MMC’s income from continuing operations for the quarter stood at $265 million, or $0.47 per share, compared to $244 million, or $0.44 per share reported for the same period in the previous year. Net income for the quarter was $259 million, compared to $256 million reported for the same period in the previous year. The company’s adjusted earnings per share for the quarter were $0.52, compared to $0.46 reported for the same period in the previous year.
Dan Glaser, President and CEO of Marsh & McLennan, last month said that the company’s results in 2012 were excellent. Glaser said that the company looks forward to the next chapter in its journey to become one of the world’s elite enterprises.