Marsh & McLennan Companies inc. (MMC) had an eventful period with significant business developments and performance releases. A major move from the company was the acquisition of
McGriff Insurance Services in a deal worth
$7.75 billion, boosting its U.S. market presence. The company also showed intent to grow its portfolio, acquiring
The Horton Group, Perkins Insurance, and a
commodity trading firm, among others. MMC’s consistent financial performance was exhibited in their
Q2 2024 earnings beating Wall Street estimates and reflecting a boost from its Solid Marsh units. However, Marsh & McLennan's sales and earnings also missed some estimates, creating a mixed market response. MMC continued its acquisition spree with the purchase of
AC Risk Management, Veritas Total Solutions, AmeriStar Agency, and
Hudson Shore Group. Market analysts have offered varied advice, with some suggesting holding onto MMC stock while others argue for a conservative approach. MMC’s commitment to shareholder returns was highlighted with its increased
quarterly cash dividend, and discussions surrounding the company’s next
quarterly earnings report held the spotlight.
Marsh Mclennan Companies MMC News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Thu, 10 Oct 2024 19:10:01 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 6
