Welcome to our dedicated page for Marsh & McLennan Companies news (Ticker: $MMC), a resource for investors and traders seeking the latest updates and insights on Marsh & McLennan Companies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marsh & McLennan Companies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marsh & McLennan Companies's position in the market.
Rhea-AI Summary
Oliver Wyman, a business of Marsh McLennan (NYSE:MMC), has completed the acquisition of SeaTec Consulting Inc, a leading provider of consulting, engineering, and digital expertise across the aviation, aerospace and defense, and transportation industries. SeaTec will join CAVOK, a division of Oliver Wyman, to help clients meet operations, cost, and reliability objectives. The terms of the transaction were not disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
-
Rhea-AI Summary
Marsh McLennan (NYSE: MMC) reported full-year revenue growth of 10% with underlying revenue growth of 9%. Full-year GAAP operating income increased by 23%, with adjusted operating income rising by 17%. Additionally, full-year GAAP EPS was $7.53, while adjusted EPS increased by 17% to $7.99. The company's consolidated revenue in the fourth quarter of 2023 was $5.6 billion, representing an 11% increase compared to the same period in 2022. Operating income was $1.1 billion, and adjusted operating income rose by 16% to $1.2 billion. For the full year 2023, revenue reached $22.7 billion, a 10% increase compared with 2022, or 9% on an underlying basis. Risk & Insurance Services revenue was $3.3 billion in the fourth quarter of 2023, an 11% increase, and Consulting revenue was $2.3 billion, a 10% increase. The company also repurchased 1.3 million shares of stock for $250 million in the fourth quarter and repaid $250 million of senior notes that matured in October 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
Tags
-
Rhea-AI Summary
Oliver Wyman Forum released a report on generative AI adoption, finding that over 50% of employees globally use AI at work, with varying levels of productivity. The report forecasts that AI-trained employees will rise in management ranks, but senior leaders express concern about an AI productivity disconnect.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
Rhea-AI Summary
Marsh McLennan (MMC) declares a quarterly dividend of $0.710 per share, payable on February 15, 2024, to stockholders of record on January 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
-
Rhea-AI Summary
Aptia (APT) launches as a global pensions and employee health and benefits specialist business with 1,100 clients and 7 million people supported. The company was formed by the acquisition of the UK pension administration and U.S. health and benefits administration segments of Mercer by Bain Capital Insurance with participation from Bala Viswanathan and Dominic Burke. The launch combines the largest pensions administrator in the UK and a trusted health and benefits administration platform in the U.S., positioning Aptia as a leading business with significant scale, resources, and deep technical expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
-
Rhea-AI Summary
Marsh McLennan (MMC) will announce fourth quarter financial results on January 25, 2024, before the market opens. President and CEO John Doyle and CFO Mark McGivney will lead a teleconference with investors at 8:30 a.m. EST, including a question-and-answer session. The webcast will be accessible on marshmclennan.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
Rhea-AI Summary
Stoch Analytics Limited (NYSE: STOCH) acquires the proprietary Atlas software suite from Oliver Wyman, a business of Marsh McLennan. Chris Stiefeling becomes the new company's CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
-
Rhea-AI Summary
Oliver Wyman (MMC) to Acquire SeaTec Consulting Inc. to Strengthen Aviation and Aerospace Consulting Services
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
-
Rhea-AI Summary
Mercer (MMC) to Acquire Vanguard’s OCIO Business: Mercer, a global leader in reshaping retirement and investment outcomes, announced the acquisition of Vanguard’s outsourced chief investment officer (OCIO) business in the United States. The agreement includes the transfer of Vanguard’s 120-person OCIO team to Mercer, expected to be completed in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
Rhea-AI Summary
Marsh & McLennan Companies, Inc. (MMC) cancels listing of ordinary shares on the London Stock Exchange, maintaining primary listing on the New York Stock Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
Marsh & McLennan Companies, Inc.
NYSE:MMC
MMC Rankings
MMC Stock Data
103.05B
490.41M
0.08%
90.06%
0.75%
Insurance Agencies and Brokerages
Finance and Insurance
United States of America
NEW YORK
About MMC
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.