Marsh & McLennan Companies (MMC) remains a strong performer in the recent period, praised by commentators such as
Jim Cramer for its consistent rate raising. Many investment bodies, including
Wilmington Savings Fund Society FSB and
Royal Bank of Canada (RBC), have been increasing their stakes in MMC, who've seen their shares cross below the 200 day moving average. Meanwhile, they've completed a significant acquisition of
McGriff Insurance Services, adding 3,500 new employees to their roster. The financial performance of MMC is reflected in strong Q3 2024 results and an increase in stock positions by firms like
Geode Capital Management LLC. RBC Capital has upgraded MMC, showcasing confidence in their future performance, on top of launching an AI-powered solution for supply chain risk management, indicating a move toward innovative measures. Furthermore, MMC continues buying stakes in other companies, such as The
Horton Group, Inc. and
TIH's McGriff. Indeed, they've been strategizing for the future while enhancing their current status in the market.
Marsh Mclennan Companies MMC News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 14 Dec 2024 14:32:38 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 6
