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Marsh & McLennan Arm to Acquire Thomsons Online Benefits
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Marsh & McLennan Companies, Inc. (MMC - Free Report) continues to be on its inorganic growth path. Mercer, a wholly owned subsidiary of the company, announced that it has agreed to acquire Thomsons Online Benefits, a global benefits management and employee engagement software company, also providing consultancy services related to reward, workplace pensions and employee benefit.
Since 2009, the company made more than 120 acquisitions and investments totaling more than $5 billion. In each of the last six years, the company has grown consolidated underlying revenue in the 3% to 5% range. Acquisitions have added two percentage points on average over that same time period. The positive effects of numerous acquisitions and their synergistic effects are reflected in the company’s share price, which is up 174.9% since 2009 to date, outperforming the gain of 104.1% logged by the Zacks categorized Insurance Brokers industry.
Coming back to the news, the terms of the deal were not disclosed. The deal will lead to a combination of world class consulting and broking services with innovative technology to offer companies and employees a unique global and local benefit experience.
Recently, Mercer bought Sirota Consulting LLC, a provider of business performance consulting, survey and employee engagement services. Another unit Marsh & McLennan Agency acquired Benefits Resource Group (“BRG”), which is an employee benefits consulting firm.
Also, Mercer acquired Pillar Administration recently while Marsh & McLennan Agency bought Presidio Benefits Group, a San Francisco-based employee benefits consulting firm providing an array of employee benefits and human resource services to employers in the Bay Area. Yet another unit, a global management consultancy Oliver Wyman, announced the purchase of LShift Limited, an independent software development company.
During the first half of 2016, the company spent $168 million on acquisitions and completed the takeovers of New York-based insurance brokerage and human resource consulting firm Corporate Consulting Services Ltd; a leading aviation risk advisor Aviation Solutions LLC and one of Florida’s largest independent agencies Celedinas Insurance Group. Last month, Marsh inked a deal to acquire Bluefin Insurance Group Limited, a unit of AXA Group.
In October, Marsh & McLennan Agency acquired Vero Insurance, Inc., known for its insurance products and personal service to high net worth individuals, families and small businesses.
The company’s inorganic growth boosts investors’ confidence in the stock. Moreover, its investments are broad based and include geographic expansion, segmentation, and new capabilities and innovations. These poise the company for long-term growth.
Marsh & McLennan carries a Zacks Rank #3 (Hold). Investors may consider players like Alleghany Corp. , Arch Capital Group Limited (ACGL - Free Report) and First American Financial Corporation (FAF - Free Report) . Each of these stocks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alleghany delivered positive surprises in three of the last four quarters, with an average beat of 20.52%.
Arch Capital beat expectations in each of the last four quarters, with an average beat of 9.27%.
First American Financial Corporation delivered positive surprises in each of the last four quarters, with an average beat of 62.8%.
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Marsh & McLennan Arm to Acquire Thomsons Online Benefits
Marsh & McLennan Companies, Inc. (MMC - Free Report) continues to be on its inorganic growth path. Mercer, a wholly owned subsidiary of the company, announced that it has agreed to acquire Thomsons Online Benefits, a global benefits management and employee engagement software company, also providing consultancy services related to reward, workplace pensions and employee benefit.
Since 2009, the company made more than 120 acquisitions and investments totaling more than $5 billion. In each of the last six years, the company has grown consolidated underlying revenue in the 3% to 5% range. Acquisitions have added two percentage points on average over that same time period.
The positive effects of numerous acquisitions and their synergistic effects are reflected in the company’s share price, which is up 174.9% since 2009 to date, outperforming the gain of 104.1% logged by the Zacks categorized Insurance Brokers industry.
Coming back to the news, the terms of the deal were not disclosed. The deal will lead to a combination of world class consulting and broking services with innovative technology to offer companies and employees a unique global and local benefit experience.
Recently, Mercer bought Sirota Consulting LLC, a provider of business performance consulting, survey and employee engagement services. Another unit Marsh & McLennan Agency acquired Benefits Resource Group (“BRG”), which is an employee benefits consulting firm.
Also, Mercer acquired Pillar Administration recently while Marsh & McLennan Agency bought Presidio Benefits Group, a San Francisco-based employee benefits consulting firm providing an array of employee benefits and human resource services to employers in the Bay Area. Yet another unit, a global management consultancy Oliver Wyman, announced the purchase of LShift Limited, an independent software development company.
During the first half of 2016, the company spent $168 million on acquisitions and completed the takeovers of New York-based insurance brokerage and human resource consulting firm Corporate Consulting Services Ltd; a leading aviation risk advisor Aviation Solutions LLC and one of Florida’s largest independent agencies Celedinas Insurance Group.
Last month, Marsh inked a deal to acquire Bluefin Insurance Group Limited, a unit of AXA Group.
In October, Marsh & McLennan Agency acquired Vero Insurance, Inc., known for its insurance products and personal service to high net worth individuals, families and small businesses.
The company’s inorganic growth boosts investors’ confidence in the stock. Moreover, its investments are broad based and include geographic expansion, segmentation, and new capabilities and innovations. These poise the company for long-term growth.
Marsh & McLennan carries a Zacks Rank #3 (Hold). Investors may consider players like Alleghany Corp. , Arch Capital Group Limited (ACGL - Free Report) and First American Financial Corporation (FAF - Free Report) . Each of these stocks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alleghany delivered positive surprises in three of the last four quarters, with an average beat of 20.52%.
Arch Capital beat expectations in each of the last four quarters, with an average beat of 9.27%.
First American Financial Corporation delivered positive surprises in each of the last four quarters, with an average beat of 62.8%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time? Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>