Marsh & McLennan Companies (MMC) have shown
double-digit operating earnings growth and have surpassed estimates on Q3 2024 earnings. This growth is attributed to strong revenue and successful investments by firms such as
Mount Yale Investment Advisors LLC. MMC acquired
McGriff Insurance Services for $7.75 billion, intending to strengthen their US market presence.
The price target for MMC has been raised by BMO Capital from $217 to $228. Despite strong performance, MMC stocks have periodically been sold, such as Coho Partners Ltd. selling 62,278 shares. In a strategic SWOT Insight into MMC, the company is viewed as a strong non-tech stock with long-term investment potential. However, MMC's performance in relations to the financial sector remains a contested issue. The acquisition of
McGriff Insurance is viewed positively by the market and seen as a good deal for MMC. Yet, despite sales and earnings occasionally missing estimates, MMC remains a strategic option for risk-averse investors. MMC's acquisition spree and investment into firms like
Perkins Insurance and commodity trading firms continue to build its strength and presence in the market. They acquire McGriff Insurance for $7.75 billion to further boost their portfolio.
Marsh Mclennan Companies MMC News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sat, 26 Oct 2024 09:28:27 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor -2
