Marsh Mclennan Companies (MMC) has been displaying a strong acquisition streak, continually enhancing its portfolio. Recent acquisitions include The Horton Group, AmeriStar Agency, Perkins Insurance Agencies, Hudson Shore Group, and Fisher Brown Bottrell Insurance. They have simultaneously disclosed they'll host their second quarter earnings investor call on July 18th, leveraging further transparency for their stakeholders.
Despite rising costs concerns, MMC's Q1 earnings outperformed expectations, primarily due to the robust EMEA unit, hinting at potential for continued growth. This is shown by the companies new 1-year high after a dividend announcement, and analysts at JPMorgan Chase raised the price target to $230.00. Furthermore, MMC reported strong financials for 2023, bolstered by a 13% GAAP, and Q4 earnings beating organic growth expectations.
That said, MMC's innovative efforts include launching an AI-powered solution for revolutionizing supply chain risk management, and the team also completed notable acquisitions such as Veritas Total Solutions.
Marsh Mclennan Companies MMC News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 17:22:01 GMT - Rating 8 - Innovation 7 - Rumor 3
