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Marsh & McLennan (MMC) Unit Buys Booz Allen's MENA Arm
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The global management consulting arm of Marsh & McLennan Companies, Inc. (MMC - Free Report) , Oliver Wyman, recently inked a deal to purchase the Middle East and North Africa (MENA)-based management consulting business of Booz Allen Hamilton (BAH - Free Report) . Although the terms of the transaction remain under wraps, the deal is anticipated to conclude this year itself, subject to customary approval.
The acquired business will be included within the India, Middle East and Africa (IMEA) practice of Oliver Wyman. With comprehensive know-how about Energy, Climate & Sustainability, Real Estate and Financial Services in the public and private sectors, the MENA-based management consulting business of Booz Allen is expected to bolster the competency and advisory credentials of Oliver Wyman in the areas of Environmental, Social and Governance (ESG), Climate & Sustainability, to name some. Meanwhile, the specialized Cybersecurity offering of Booz Allen might provide a boost to the fast-growing digital capabilities of Oliver Wyman in the Middle East.
Initiatives similar to the latest one highlight Oliver Wyman’s efforts to strengthen its capabilities and presence throughout the MENA region and globally. The combination of over 5,500 professionals committed to international management worldwide and significant investments in strategy, operations, risk management, and organizational transformation with Booz Allen’s management consulting arm will further strengthen the performance of Marsh & McLennan’s management consulting arm Oliver Wyman. This, in turn, is expected to contribute to the overall top-line growth of MMC.
The to-be-acquired business of Booz Allen seems to be the apt one for complementing Oliver Wyman’s target of establishing a strong presence in the MENA region. The leading strategic advisory firm BAH has been one of the longest-serving management consultancies of the Middle East via the unit.
Marsh & McLennan, through its subsidiary Oliver Wyman, has been focused on capitalizing on the ample growth prospects prevalent in the Middle East. The region continues to witness a booming digital economy, buoyed by increased smartphone usage and higher Internet penetration. In another attempt to boost its worldwide digital capabilities, Oliver Wyman resorted to launching the Edge platform at the beginning of 2022 to help incumbent banks, tech firms and new entrants of the Asia Pacific region with enhanced digital capabilities.
Similar to the Oliver Wyman unit, the other three subsidiaries of Marsh & McLennan — Mercer, Marsh and Guy Carpenter continue to pursue strategic acquisitions with an aim to expand product offerings, benefit customers and strengthen MMC’s global presence. The company spent $859 million on buyouts in 2021.
Shares of Marsh & McLennan have gained 37% in a year compared with the industry’s growth of 12.7%. MMC currently carries a Zacks Rank #3 (Hold).
The bottom line of Arthur J. Gallagher outpaced earnings estimates in each of the last four quarters, the average surprise being 8.76%. The Zacks Consensus Estimate for AJG’s 2022 earnings suggests 17.9% year-over-year growth, while the same for revenues indicates an improvement of 7.5%. The consensus mark for Arthur J. Gallagher’s 2022 earnings has moved north by 6.4% in the past 30 days.
First American Financial’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 29.40%. The Zacks Consensus Estimate for FAF’s 2022 earnings has moved north by 2.2% in the past 60 days. First American Financial boasts of an impressive VGM Score of A.
Shares of Arthur J. Gallagher and First American Financial have gained 34.7% and 5.2%, respectively, over a year.
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Marsh & McLennan (MMC) Unit Buys Booz Allen's MENA Arm
The global management consulting arm of Marsh & McLennan Companies, Inc. (MMC - Free Report) , Oliver Wyman, recently inked a deal to purchase the Middle East and North Africa (MENA)-based management consulting business of Booz Allen Hamilton (BAH - Free Report) . Although the terms of the transaction remain under wraps, the deal is anticipated to conclude this year itself, subject to customary approval.
The acquired business will be included within the India, Middle East and Africa (IMEA) practice of Oliver Wyman. With comprehensive know-how about Energy, Climate & Sustainability, Real Estate and Financial Services in the public and private sectors, the MENA-based management consulting business of Booz Allen is expected to bolster the competency and advisory credentials of Oliver Wyman in the areas of Environmental, Social and Governance (ESG), Climate & Sustainability, to name some. Meanwhile, the specialized Cybersecurity offering of Booz Allen might provide a boost to the fast-growing digital capabilities of Oliver Wyman in the Middle East.
Initiatives similar to the latest one highlight Oliver Wyman’s efforts to strengthen its capabilities and presence throughout the MENA region and globally. The combination of over 5,500 professionals committed to international management worldwide and significant investments in strategy, operations, risk management, and organizational transformation with Booz Allen’s management consulting arm will further strengthen the performance of Marsh & McLennan’s management consulting arm Oliver Wyman. This, in turn, is expected to contribute to the overall top-line growth of MMC.
The to-be-acquired business of Booz Allen seems to be the apt one for complementing Oliver Wyman’s target of establishing a strong presence in the MENA region. The leading strategic advisory firm BAH has been one of the longest-serving management consultancies of the Middle East via the unit.
Marsh & McLennan, through its subsidiary Oliver Wyman, has been focused on capitalizing on the ample growth prospects prevalent in the Middle East. The region continues to witness a booming digital economy, buoyed by increased smartphone usage and higher Internet penetration. In another attempt to boost its worldwide digital capabilities, Oliver Wyman resorted to launching the Edge platform at the beginning of 2022 to help incumbent banks, tech firms and new entrants of the Asia Pacific region with enhanced digital capabilities.
Similar to the Oliver Wyman unit, the other three subsidiaries of Marsh & McLennan — Mercer, Marsh and Guy Carpenter continue to pursue strategic acquisitions with an aim to expand product offerings, benefit customers and strengthen MMC’s global presence. The company spent $859 million on buyouts in 2021.
Shares of Marsh & McLennan have gained 37% in a year compared with the industry’s growth of 12.7%. MMC currently carries a Zacks Rank #3 (Hold).
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Stocks to Consider
Some better-ranked stocks in the insurance space include Arthur J. Gallagher & Co. (AJG - Free Report) and First American Financial Corporation (FAF - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The bottom line of Arthur J. Gallagher outpaced earnings estimates in each of the last four quarters, the average surprise being 8.76%. The Zacks Consensus Estimate for AJG’s 2022 earnings suggests 17.9% year-over-year growth, while the same for revenues indicates an improvement of 7.5%. The consensus mark for Arthur J. Gallagher’s 2022 earnings has moved north by 6.4% in the past 30 days.
First American Financial’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 29.40%. The Zacks Consensus Estimate for FAF’s 2022 earnings has moved north by 2.2% in the past 60 days. First American Financial boasts of an impressive VGM Score of A.
Shares of Arthur J. Gallagher and First American Financial have gained 34.7% and 5.2%, respectively, over a year.