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Marsh & McLennan Companies Director Buys 4,000 Shares (MMC)

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.

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All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.