In a series of investment actions, several firms have increased their holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC), contributing to an all-time high stock price of $247.71. Notably, Geode Capital Management LLC purchased 145,134 shares while among others, Franklin Resources Inc. acquired 765,696 shares, and AIA Group Ltd bought 4,881 shares. Marsh & McLennan also completed a series of significant acquisitions, including Arthur Hall Insurance and McGriff Insurance Services, further expanding its reach. In addition, the company reported an 8% revenue growth to reach $24.5 billion and beat profit estimates owing to the strength of its risk and insurance business. Despite the CEO selling $2.34 million in stock, the company remains a favorable pick among analysts who maintained its 'Outperform' rating. Marsh & McLennan continues to be investment-forward, announcing the pricing of a $7.25 Billion Senior Notes Offering.
Marsh Mclennan Companies MMC News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 05 Apr 2025 19:26:14 GMT - Rating 8 - Innovation 3 - Information 8 - Rumor -4
