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Marsh Mclennan Companies MMC - News Analyzed: 3,836 - Last Week: 93 - Last Month: 475

β‡— Marsh Mclennan Companies (MMC) Thrives Amidst Series of Acquisitions and Dynamic Shifts in Investments

Marsh Mclennan Companies (MMC) Thrives Amidst Series of Acquisitions and Dynamic Shifts in Investments
Marsh & McLennan Companies, Inc. (MMC) has seen a variety of developments. A series of investment shifts took place as Qsemble Capital Management LP and Victory Capital Management Inc. sold shares while Fisher Asset Management LLC and US Asset Management LLC took positions. Marsh McLennan Agency (MMA), a unit of MMC made key hires and made several acquisitions including AC Risk Management, Steinberg & Associates, Fisher Brown Bottrell Insurance, Inc., ACRM, Querbes & Nelson, Louisiana Companies, and Graham Company. The strategy aided in expanding their commercial line offerings. MMC also went ahead with the acquisition of SeaTec Consulting Inc. and Vanguard's Outsourced Chief Investment Officer business through their affiliate Oliver Wyman. Moreover, an AI-powered solution to transform supply chain risk management has been launched and further incorporation of AI for operational efficiency is underway. On the financial front, the firm posted strong Q3 2023 results, and conducted a $1,000,000,000 Senior Notes Offering. Despite the consistent margin growth of 16 consecutive years, high Q4 revenue, and profit, the firm's stock was given a general hold recommendation by brokerages.

Marsh Mclennan Companies MMC News Analytics from Thu, 13 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 20:42:32 GMT - Rating 4 - Innovation -2 - Information 8 - Rumor -3

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