Marsh & McLennan Companies (MMC) remains an active player in acquisition activities aimed at expanding its presence. The company recently purchased a commodity trading firm and fintech company Triterras, with a focus on blockchain adoption. Financial institutions show faith in the firm; Astoria Portfolio Advisors LLC, Wealth Enhancement Advisory Services LLC, and Baker Ellis Asset Management LLC increased their stakes in MMC. Royal Bank of Canada hiked MMC's price target to $228.00, indicating positive future prospects. Additionally, MMC's unit, Mercer, plans to buy pension fund manager Cardano in a strategic move to boost its UK presence. Its first-quarter 2024 earnings estimates surpassed expectations, enhancing investor confidence. Increased holdings by insiders point towards an optimistic outlook. Meanwhile, the firm is tackling supply chain risk management through AI innovation. MMC also reported strong financial results for 2023 and announced plans for several acquisitions, including insurance agency Perkins and consultancy Veritas Total Solutions.
Marsh Mclennan Companies MMC News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 16:42:11 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -5
