NEW YORK ( TheStreet) -- Marsh & McLennan Companies (NYSE: MMC) hit a new 52-week high Thursday as it is currently trading at $31.59, above its previous 52-week high of $31.57 with 1.6 million shares traded as of 12:50 p.m. ET. Average volume has been 4.9 million shares over the past 30 days. Marsh & McLennan Companies has a market cap of $16.3 billion and is part of the financial sector and insurance industry. Shares are up 12.4% year to date as of the close of trading on Wednesday. Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. It operates in two segments: Risk and Insurance Services, and Consulting. The company has a P/E ratio of 18.4, below the average insurance industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.
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