MMC - Marsh & McLennan Companies, Inc.
| Previous Close | 86.63 |
| Open | 84.29 |
| Bid | 0.00 x 800 |
| Ask | 84.78 x 900 |
| Day's Range | 83.01 - 85.06 |
| 52 Week Range | 78.60 - 87.89 |
| Volume | 4,776,707 |
| Avg. Volume | 1,793,954 |
| Market Cap | 41.994B |
| Beta | 0.71 |
| PE Ratio (TTM) | 26.04 |
| EPS (TTM) | 3.19 |
| Earnings Date | Oct 24, 2018 - Oct 29, 2018 |
| Forward Dividend & Yield | 1.66 (1.91%) |
| Ex-Dividend Date | 2018-07-10 |
| 1y Target Est | 92.00 |
- The Wall Street Journal•8 hours ago
[$$] Marsh & McLennan Aims for Growth With Acquisition of U.K. Insurance Broker
LONDON—Marsh & McLennan Cos. has agreed to a 4.3 billion-pound ($5.66 billion) deal to buy U.K.-based Jardine Lloyd Thompson Group PLC, forming a global insurance broker with $17 billion in annual revenue. The deal will allow Marsh & McLennan to tap into Jardine Lloyd Thompson’s exposure to high-growth emerging markets and comes as the insurance industry experiences a wave of consolidation. Many global insurers are looking beyond their already well-insured home markets for growth, and Marsh & McLennan said the deal will strengthen its specialty risk-broking operations and expand its global reinsurance network, bolstering its position in key growth markets in Asia and Latin America.
- Reuters•14 hours ago
Marsh & McLennan to pay $5.7 billion for British insurance broker JLT
Shares in JLT, which reorganised earlier this year into three divisions and has been preparing for a so-called hard British exit from the European Union in March, leapt by 32.3 percent, just shy of MMC's cash offer of 1,915 pence per share. The acquisition is the latest in a series of deals in the insurance sector, which is struggling with stagnating premiums as insurers compete ruthlessly to win market share. JLT Chief Executive Dominic Burke said the deal to create a company with annual revenue of $17 billion had been struck quickly and was first discussed formally on Sept. 7.
- CNBC•21 hours ago
Stocks making the biggest move premarket: AZO, GIS, V, MA, WMT, GHC & more
The autoparts retailer earned an adjusted $18.54 per share for its fiscal fourth quarter, beating the consensus estimate of $17.92 a share. Revenue missed forecasts, however, and a same-store sales increase of 2.2 percent was also slightly below estimates. General Mills GIS – The food company came in 7 cents a share above estimates , earning an adjusted 71 cents per share for its first quarter, though revenue missed forecasts.
- Bloomberg•21 hours ago
Marsh & McClennan Leaps Into Insurance Deal Cauldron
Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest insurer to splash the cash, agreeing to pay 4.3 billion pounds ($5.6 billion) for U.K. broker Jardine Lloyd Thompson Group Plc. The target rightly wasted no time in accepting. JLT is a relative minnow in this global industry, dwarfed by the likes of Marsh, Aon Plc and Willis Towers Watson Plc. Scale and diversification are competitive advantages.
- Reuters•yesterday
Marsh & McLennan to buy UK broker JLT for $5.7 bln
Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business. Shares of the UK insurance and reinsurance broker rose 32.3 percent to 1,894 pence, just below MMC's all-cash offer of 1,915 pence, which was set at a premium of about 33.7 percent to JLT stock's closing price on Monday. The deal consideration implies an enterprise value of about 4.9 billion pounds for JLT.
- The Wall Street Journal•yesterday
[$$] Marsh & McLennan to Buy Jardine Lloyd Thompson
London-listed JLT shares at 0737 GMT were up 31% at 1,880 pence. New York-listed Marsh & McLennan said the deal will strengthen its specialty risk-broking operations and expand its global reinsurance network, enhancing its position in key growth markets in Asia and Latin America. Marsh & McLennan said it will accelerate JLT’s growth in employee-benefits provision and its U.S. expansion.
- Business Wire•yesterday
Marsh & Mclennan to Acquire Jardine Lloyd Thompson Group Plc
Marsh & McLennan Companies, Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, today announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group plc (JLT.L), a leading provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. The transaction has been approved by the Board of Directors of each of MMC and JLT. Under the terms of the transaction, holders of JLT’s common shares will receive cash consideration of £19.15 pounds per share.
Bloomberg•yesterdayCEO Scores Marsh & McLennan's Biggest-Ever Deal in Just 11 Days
It only took 11 days for Dan Glaser to pull off the biggest deal in his company’s 147-year history. The chief executive officer of Marsh & McLennan Cos. said he agreed to pay $5.7 billion to buy insurance broker Jardine Lloyd Thompson Group Plc less than two weeks after sitting down to discuss the idea with JLT CEO Dominic Burke. For Glaser, who’s known Burke for more than a decade, the purchase is a bet on the world becoming more complicated.
Markit•6 days agoSee what the IHS Markit Score report has to say about Marsh & McLennan Companies Inc.
Marsh & McLennan Companies Inc NYSE:MMC
- Business Wire•7 days ago
Mercer Welcomes Back Three Leaders to its New York Office
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies , announced the reappointment of Taryn Branca, Paulette Welsing and Robyn Cameron to new leadership roles in its New York office.
- Business Wire•7 days ago
Mercer Annual Survey Finds Health Benefit Cost Growth Will Hold at 4.1% in 2019
Highlighting the many ways that health technology is transforming employer-sponsored health benefit programs, Mercer unveiled early results from its industry-leading survey at this year’s HR Technology Conference & Expo in Las Vegas. Based on the first 1,566 responses1 to the Mercer National Survey of Employer-Sponsored Health Plans, Mercer projects that health benefit cost per employee will rise by 4.1% on average in 2019. Mercer notes that the underlying medical plan cost trend has cooled from 6.5% to 5.3% heading into 2019 (the underlying trend is the estimated increase in medical plan cost if employers made no changes).
- Zacks•9 days ago
Marsh & McLennan's (MMC) Unit Launches Advisory Offering
Marsh & McLennan's (MMC) arm extends advisory offering to guide users through InsurTech market.
- PR Newswire•9 days ago
Numerati® Partners Announces its Collaboration with Guy Carpenter in the Launch of the InsurTech Alliance
NEW YORK , Sept. 10, 2018 /PRNewswire/ -- Numerati ® Partners LLC , a technology curation and enablement firm announced its collaboration with leading global reinsurance specialist Guy Carpenter & Company ...
- Business Wire•10 days ago
Guy Carpenter Announces New Global Capability to Help Clients Navigate Evolving InsurTech Market
Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies (MMC), today announced the launch of GC Genesis, its expanded InsurTech advisory offering designed to meet clients’ desire to understand and leverage the dynamic universe of InsurTech. Designed to go beyond existing industry research, GC Genesis will employ a set of complementary services to allow its clients to navigate and ultimately use InsurTech to accelerate and de-risk their own strategic journey. The services are focused on the core business functions of insurance carriers: distribution, underwriting, pricing, claims, etc. With InsurTech continuing to expand and increasingly more capabilities for carriers to leverage, the new services provide a way forward for many of Guy Carpenter’s clients.
- Business Wire•12 days ago
Mercer to Present Keynote at 2018 HR Technology Conference & Exposition with Discussion on “Tomorrow’s Talent Model”
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies (MMC), announced today that Mercer’s Pat Milligan, Global Leader, Multinational Client Group, will serve as the closing keynote speaker at the 2018 HR Technology Conference & Exposition, September 11-14 in Las Vegas. “I am very excited to lead this discussion with such an important and influential audience,” said Ms. Milligan.
- Business Wire•13 days ago
Mercer Makes Key Leadership Changes as Part of Global Growth Strategy
Martine Ferland, currently President of Europe & Pacific and co-President of Health, has been appointed to the position of Group President, reporting to Mercer President and CEO Julio Portalatin effective immediately. Concurrently, David Anderson, currently President of Growth Markets will take on the new role of President, International.
- Business Wire•15 days ago
John Lapinski named Detroit Office Business Leader for Mercer’s Health Business
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies , announced the appointment of John Lapinski as Detroit Office Business Leader for Mercer’s Health business.
- Simply Wall St.•16 days ago
Marsh & McLennan Companies Inc (NYSE:MMC) Investors Are Paying Above The Intrinsic Value
Pricing MMC, a financial stock, can be difficult since these insurance businesses have cash flows that are affected by regulations that are not imposed upon other sectors. For instance, insuranceRead More...
- Zacks•19 days ago
The Zacks Analyst Blog Highlights: Petrobras, Enterprise Products, Marsh & McLennan, Carnival and Valero
The Zacks Analyst Blog Highlights: Petrobras, Enterprise Products, Marsh & McLennan, Carnival and Valero
- Zacks•20 days ago
Top Analyst Reports for Petrobras, Enterprise Products and Marsh & McLennan
Top Analyst Reports for Petrobras, Enterprise Products and Marsh & McLennan
Markit•20 days agoSee what the IHS Markit Score report has to say about Marsh & McLennan Companies Inc.
Marsh & McLennan Companies Inc NYSE:MMC
- Business Wire•22 days ago
Vault Ranks Mercer as the #1 Human Resources Consulting Firm for the 16th Year in a Row
In its annual survey of almost 9,000 practicing consultants in North America, the website Vault has ranked Mercer number one in Human Resources Consulting for the 16th consecutive year. Mercer is one of a select few organizations with such a long track record of leadership in its category, which places it among the gold standard of professional services firms. “The recognition by our peers and competitors is a true testament to the continued success, hard work and dedication of our 23,000 colleagues around the world, who are committed to helping our clients advance the health, wealth, and career of their employees,” said Julio Portalatin, President and CEO of Mercer.
- Zacks•last month
Marsh & McLennan's Unit to Buy Summit and Pavilion
Marsh & McLennan's (MMC) unit Mercer to buy Summit and Pavilion for its consulting business.
- Business Wire•last month
New Mercer Survey Finds: Employers Not Budging on Budgets, Salary Increases Remain Flat
Organizations are holding the line on pay raises for US employees. According to Mercer’s 2018/2019 US Compensation Planning Survey, salary increase budgets for 2018 are 2.8% – no change from 2017 – and projected to be only 2.9% in 2019, despite noticeable factors like the tightening labor market and a high rate of workers voluntarily quitting their jobs. According to Mercer’s 2018 Global Talent Trends Study, a majority of organizations are expressing concerns about attraction and retention.
- CNBC Videos•last month
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