Marsh & McLennan Up 4.9% After Hitting 52-Week High (MMC)

Shares of New York, New York.-based Marsh & McLennan Companies, Inc. MMC are currently up 4.9% at $30.28 per share during Tuesday afternoon trading. Today's trading range for shares of Marsh & McLennan Companies, Inc has been between $29.50 and a 52-week high of $30.83 per share. The consensus price target of analysts covering the company's stock is $28.75 per share. Volume of 7 million shares is already nearly triple the daily average volume of 2.5 million shares. Marsh & McLennan Companies, Inc. (MMC) released financial results early Tuesday morning that beat Wall Street estimates. Marsh & McLennan Companies, Inc reported 4th quarter adjusted earnings of 41 cents per share, on revenue of $2.8 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 39 cents per share, on revenue of $2.74 billion. President and CEO Brian Duperreault said, “The success we achieved in 2010 gives us a solid foundation on which to build. With excellent operating company leadership, continued expense discipline, and the commitment to achieve strong earnings growth, we are well-positioned for the future.” Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. Read more from Benzinga's Company news.