Capital Investment Advisors and Wesbanco Bank Inc have both sold shares of Marsh & McLennan Companies, and the company's VP Stacy Mills has also sold a significant number of shares. Moreover, Marsh & McLennan has reported robust financial results for Q2 2024 and a sizable increase in its quarterly cash dividend. Despite some earnings misses, the company's stock remains resilient, outperforming the market.
Marsh & McLennan continues its expansion strategy, acquiring several firms, including The Horton Group, Veritas Total Solutions, Perkins Insurance, Commodity Trading Firm, AmeriStar Agency, Hudson Shore Group, ACRM and more. They have also increased their footprint in the UK by upscaling their pension fund manager, Cardano. The Oliver Wyman unit also continues its acquisition spree, bolstering the agency's southeast presence.
Significant cost concerns are rising amid the company's Q2 earnings. Despite this, Marsh McLennan's Oliver Wyman is set to acquire Veritas Total Solutions, aiming to enhance its wealth unit and underline its innovative AI-powered solution to transform supply chain risk management.
Marsh & McLennan's stock is consistently climbing, hitting a new 1-year high at $232.26, suggesting continued growth in their insurance premium sector.
Marsh Mclennan Companies MMC News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 12:31:56 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -2
