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NEW YORK ( TheStreet) -- Marsh & McLennan Companies (NYSE: MMC) hit a new 52-week high Wednesday as it is currently trading at $32.73, above its previous 52-week high of $32.72 with 122,357 shares traded as of 9:45 a.m. ET. Average volume has been 3.2 million shares over the past 30 days. Marsh & McLennan Companies has a market cap of $16.76 billion and is part of the financial sector and insurance industry. Shares are up 1.5% year to date as of the close of trading on Tuesday. 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 18.6, below the average insurance industry P/E ratio of 28.3 and above the S&P 500 P/E ratio of 17.7.