Marsh & McLennan Companies (MMC) continue to grow with various strategic moves. The company has completed the acquisition of
McGriff Insurance Services, enhancing their share in the U.S market. The acquisition added 3,500 employees to the company. MMC also acquired
Acumen Solutions Group, thereby expanding its construction insurance in the Northeast. MMC also finished the acquisition of
The Horton Group, Inc.. In terms of finance, MMC declared a
quarterly cash dividend of $0.82 and announced the pricing of a $7.25 billion Senior Notes Offering. Many financial firms have increased their stake, including
Brighton Jones LLC, Capital Planning Advisors LLC, Beacon Investment Advisory Services Inc., and HB Wealth Management LLC. Third-quarter reports show a 6% increase in MMC's revenue, with a projection for growth in its earnings. Even though their shares have
fallen below the 200 daily moving average (DMA), analysts expect the stock's long-term outlook to be positive. MMC's advancements in AI capabilities and its effort in
reorganizing the IT infrastructure highlight its innovative approach.
Marsh Mclennan Companies MMC News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:00:31 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -1
