Global professional services firm Marsh & McLennan Companies, Inc. (MMC) recently announced a significant increase in its quarterly cash dividend. On Jul 10, 2024, its board of directors revealed a 15% hike in the quarterly cash dividend, raising it from 71 cents to 81.5 cents per share. The new dividend will be payable on Aug 15, 2024, to shareholders of record as of Jul 25. YTD Price Performance For income-focused investors, the increased dividend provides a higher yield. But is this the right time to buy ...

NEW YORK, July 11, 2024 /PRNewswire/ -- The CEOs of New York Stock Exchange-listed companies are focused on the growth opportunities that lie ahead, overwhelmingly led by artificial intelligence and followed by major strategic initiatives such as mergers and acquisitions and disruptive new business models, according to a new survey, "The New Growth Agenda: How CEOs are Navigating Emerging Shifts in Geopolitics, Trade, Technology, and People," conducted by the Oliver Wyman Forum. Three-quarters (75%) of the ...

Horton seems to be a prudent pick by MMA since it has been providing property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals in Indiana, Illinois, Wisconsin, Minnesota and Florida for more than five decades. The sub-unit Marsh, through MMA, remains quite active throughout the year with respect to the acquisition spree and therefore, requires a special mention. MMA delivers business insurance, employee health and benefits, retirement and weal ...

The combination of Oliver Wyman and Veritas will provide commodity trading businesses with an unparalleled level of trading optimization expertise. With market complexity transforming the industry, today's commodity trading businesses need to leverage the latest insights and technologies to remain competitive. Veritas extends Oliver Wyman's capabilities to provide end-to-end trading advisory and systems implementation. For more information, visit www.oliverwyman.com, and for additional information about Oli ...

The Zacks Consensus Estimate for Brown & Brown's current-year earnings is pegged at $3.51 per share, which indicates 24.9% year-over-year growth. It has witnessed five upward estimate revisions against none in the opposite direction during the past month. BRO beat earnings estimates in each of the past four quarters, with an average surprise of 11.9%. The consensus mark for ROOT's current-year earnings indicates a 35.6% year-over-year improvement. It beat earnings estimates in all the past four quarters, wi ...

The bottom line of Allstate outpaced earnings estimates in three of the last four quarters and missed the mark once, the average surprise being 41.88%. The Zacks Consensus Estimate for ALL's 2024 earnings is pegged at $15.13 per share, which indicates a nearly 16-fold increase from the prior-year figure. The consensus mark for revenues implies a year-over-year improvement of 9.4%. The consensus mark for Allstate's earnings has moved 2% north in the past 30 days. The global management consulting arm of Marsh ...

"Partnering with Oliver Wyman, we've seen the amazing transformations our teams can deliver for clients. Officially becoming an Oliver Wyman business will help us expand our footprint to deliver even greater impact for clients across the globe and provide more opportunities for our team members," said August Al-Uqdah, Partner and Co-Founder of Veritas. "We are excited for the next steps of our journey." Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 c ...

| | | | | | | Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 | | | | | | | Q1 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue Growth (organic) | 6% | 13% | 13% | 10% | 10% | 10% | 8% | 7% | 9% | 11% | 10% | 7% | 9% | | Currency effect | 4% | 4% | 2% | 2% | -2% | 1 | -5% | -5% | -3% | -1% | 1% | 195 | 0% | | M&A effect | -1% | 2% | 1% | 3% | 1% | 1% | 0% | 1% | 1% | -1% | 2% | 2% | 1% | | Revenue G ...

Marsh & McLennan Companies, Inc.'s (MMC) Marsh McLennan Agency ("MMA"), a division of MMC's Marsh business, recently closed the buyout of Mississippi-based Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE). An agreement to acquire FBBINSURANCE was inked by MMA with Trustmark National Bank in April and was completed within the targeted timeline of the second quarter of 2024. Per the terms of the deal, Marsh McLennan Agency will pay a cash consideration of $315.9 million, subject to customary purchase pric ...

Marsh & McLennan Companies, Inc. (MMC) unit Marsh recently acquired Texas-based Perkins Insurance Agencies through its Marsh McLennan Agency subsidiary. The acquiree offers commercial property and casualty and personal lines coverage to businesses, families, non-profits and others in West Texas. Perkins Insurance, established in 1977, has developed specialized expertise in the farm and ranch, oil and gas, restaurant and trucking sectors. Financial terms of the deal are yet to be disclosed. Employees of the ...