Marsh & McLennan (NYSE:MMC) shares continued their rise today moving  up an additional 1.78% after jumping 3.5% yesterday on rumors of a private equity bid. The WSJ said, however, that a person familiar with the company's thinking said nothing is in the works. Notably, the company is in the process of turning itself around after CEO Michael Cherkasky cut costs and restructured the business since taking over in October 2004. As part of this turnaround, the company sold off its Putnam Investments division for $3.9 billion late last year and reported healthy earnings last quarter. But despite these changes, the company continues to trail the S&P 500 index even after its move this week. This has caused many investors to remain skeptical as to the company's long-term ability to provide predictable returns to investors. While a buyout is nothing more than a rumor at this point, MMC is definitely a stock worth keeping an eye on!

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