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.
Marsh & McLennan Companies, Inc. (MMC), commonly known as Marsh McLennan, is a renowned global professional services firm headquartered in New York City. The company specializes in providing advanced advice and solutions in the sectors of insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.
The company operates through two main segments: Risk and Insurance Services and Consulting. In the Risk and Insurance Services segment, Marsh McLennan operates mainly through Marsh, an insurance broker, and Guy Carpenter, a risk and reinsurance specialist. These entities help clients navigate various risks, including financial, operational, and strategic risks.
On the consulting front, Marsh McLennan is represented by two key businesses: Mercer and Oliver Wyman. Mercer provides human resource services, including talent management, health benefits planning, and M&A advisory services. Oliver Wyman offers management consulting services, delivering expertise in strategy, operations, and risk management to clients across numerous industries.
Recently, Marsh McLennan's management consulting arm, Oliver Wyman, announced the combination of its legacy aviation brand CAVOK and newly acquired SeaTec Consulting Inc., rebranded as Oliver Wyman Vector. This new brand aims to provide enhanced technical and digital expertise across the aviation, aerospace, defense, and rail industries.
Another significant initiative includes the formation of the National Commission on Climate and Workforce Health, created to address the growing threats that climate change poses to workforce health. This initiative, supported by various business leaders and health experts, emphasizes the importance of building climate-resilient workforces. Mercer, a key player in Marsh McLennan's consulting segment, is actively involved in this effort, providing strategic input and support.
Marsh McLennan generates about half of its revenue from markets outside the U.S., showcasing its global reach and diversified client base. The company's financial condition remains robust, with annual revenues exceeding $23 billion, supported by its workforce of over 85,000 professionals operating in more than 130 countries.
In light of its recent achievements and ongoing projects, Marsh McLennan continues to solidify its position as a leading professional services firm, offering unparalleled solutions in risk, strategy, and human capital management.
Marsh McLennan (NYSE: MMC) is set to announce its first quarter financial results on April 20, 2023, before market opening. The results will be available on marshmclennan.com. Following the announcement, President and CEO John Doyle and CFO Mark McGivney will host a teleconference at 8:30 a.m. EDT, including a Q&A session for investors. Marsh McLennan, a leader in risk, strategy, and consulting services, employs over 85,000 professionals globally and generates annual revenue exceeding $20 billion.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is payable on May 15, 2023, to stockholders of record on April 5, 2023. Marsh McLennan, a global leader in professional services focused on risk, strategy, and people, generates over $20 billion in annual revenue and operates in 130 countries with more than 85,000 colleagues. The company is renowned for its ability to help clients manage complex environments through its four main businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Marsh McLennan (NYSE: MMC) has priced $600,000,000 of its 5.450% Senior Notes due 2053. The company will use the proceeds for general corporate purposes, with the offering expected to close on March 9, 2023, pending customary conditions. Barclays Capital, HSBC Securities, and Morgan Stanley are the joint book-running managers for the offering. An effective shelf registration statement relating to the Notes has been filed with the SEC. Investors are encouraged to read the prospectus for complete information regarding this offering.
Mercer, a business of Marsh McLennan (NYSE: MMC), has acquired Leapgen, a leading HR technology advisory firm. This acquisition strengthens Mercer's position in the growing digital HR strategy market. According to Jean Martin, Senior Partner at Mercer, Leapgen will enhance HR transformation solutions, enabling organizations to better align technology with their unique needs. With more than 16 HR systems commonly deployed in organizations, and increasing HR tech spending, the need for strategic advice is evident. This move aims to improve workforce technology and employee experience outcomes amidst an evolving digital landscape.
Marsh McLennan (NYSE: MMC) reported its financial results for Q4 and the full year 2022, showcasing a 5% revenue growth to $20.7 billion, with an underlying revenue growth of 9%. Q4 revenue totaled $5.0 billion, down 2% year-over-year, but adjusted operating income increased 13% to $1.0 billion. The overall GAAP EPS for 2022 was $6.04, while adjusted EPS rose 11% to $6.85. Noteworthy items in Q4 totaled $344 million related to workforce and technology changes. The company repurchased 12.2 million shares for $1.9 billion during 2022. CEO John Doyle highlighted the strong performance and ongoing investments in talent and capabilities.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is scheduled for payment on February 15, 2023, to stockholders of record as of January 26, 2023. With over $20 billion in annual revenue, Marsh McLennan, a leading professional services firm, offers risk, strategy, and human capital solutions across four market-leading businesses.
Marsh McLennan Agency (MMA) has announced the acquisition of HMS Insurance Associates, a major independent agency based in Hunt Valley, Maryland. Although the financial terms of the deal were not disclosed, this acquisition aims to enhance MMA's service offerings in the Mid-Atlantic region. HMS, founded in 1943, specializes in property/casualty insurance and employee benefits, boasting a strong workforce of over 120 employees. The integration is expected to bolster MMA's capacity for customer service and employee development, aligning with their strategic goals for growth.
Marsh McLennan (NYSE: MMC) will announce its fourth quarter financial results on
Salary.com announced a reseller agreement with Mercer, enhancing its compensation data offerings amidst a challenging labor market. This partnership enables Salary.com to provide its 8,000+ software subscribers access to over 90 Mercer surveys across various industries. Customers can now utilize Mercer data alongside Salary.com's existing compensation solutions to streamline survey management and analysis. Salary.com serves over 30,000 organizations globally, emphasizing the importance of accurate compensation data for attracting and retaining talent.
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