The Marsh & McLennan Companies (MMC) has been the talk of the news recently. While the consensus recommendation has regard it as a 'hold' by brokerages, this doesn't mean that the company is on the downfall. They have actively made strides in their business through acquisition and expanding their services. Noteworthy reports include their acquisition of AC Risk Management, ACRM, and most recently, Fisher Brown Bottrell Insurance and Querbes & Nelson and Louisiana Companies. These additions will undoubtedly bolster the company's commercial lines offerings.
Furthermore, MMC has embraced technology advancements as they launched an AI-powered solution to transform supply chain risk management services. There has also been a significant change in MMC's shareholding as M&T Bank Corp sold 6307 shares and Victory Capital Management sold an undisclosed amount of MMC shares. Still, the firm's executives have also sold some shares, which may raise eyebrows among potential investors. Nevertheless, solid financial results over the past quarters, outstanding Q3 2023 results, dividend payouts and planned acquisitions outline a generally optimistic financial outlook for MMC.
The company also displayed business versatility with its Marsh McLennan Agency boosting its aviation business with SeaTec and overtaking Vanguard's US OCIO Business. In capturing new market share, Marsh McLennan increases stake in its Indian Unit and its Oliver Wyman division acquires SeaTec Consulting.
Marsh Mclennan Companies MMC News Analytics from Fri, 30 Jun 2023 07:00:00 GMT to Wed, 08 May 2024 06:59:15 GMT - Rating 6 - Innovation 5 - Information 7 - Rumor -2
