We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marsh & McLennan Adds RJF Financial to Business Portfolio
Read MoreHide Full Article
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, a unit of Marsh & McLennan Companies, Inc. (MMC - Free Report) has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, MN.
The buyout will expand the company’s retirement services capabilities. The company has chosen RJF Financial because of its 25-year long presence in the retirement service business. RJF Financial Services has served retirement plan sponsors, participants, and business executives in multiple states across the U.S.
Since 2009, Marsh & McLennan has made more than 120 acquisitions and investments totaling more than $5 billion. In each of the last six years, the company’s consolidated underlying revenue grew 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 193.6% since 2009 to date, outperforming the gain of 116.1% logged by the Zacks categorized Insurance Brokers industry.
Marsh & McLennan’s Consulting segment completed six acquisitions during 2016 which included The Positive Ageing Company Limited, ; LShift Limited, Sirota Consulting LLC, Pillar Administration and Thomsons Online. Its Risk and Insurance Services segment completed nine acquisitions in 2016. The buyouts were of The Celedinas Agency, Inc., Aviation Solutions, LLC, Corporate Consulting Services, Ltd., Benefits Advisory Group LLC, Vero Insurance, Inc., Benefits Resource Group Agency, LLC, Presidio Benefits Group, AD Corretora, and Bluefin Insurance Group, Ltd.
The Consulting segment completed eight acquisitions during 2015, while the Risk and Insurance Services segment completed 13 acquisitions. Marsh and McLennan used $813 million in 2016, $952 million in 2015 and $554 million in 2014 for acquisitions.
Among the other brokers in the space, Brown & Brown, Inc. (BRO - Free Report) recently acquired the commercial MGA operations of Insurance House.
Also, another player, Arthur J. Gallagher & Co. (AJG - Free Report) , acquired Farallone Pacific Insurance Services, LLC last month.
Another player in the space with the same Zack Rank as Marsh and McLennan is Erie Indemnity Company (ERIE - Free Report) . The stock surpassed earnings estimates in each of the last four quarters, with an average positive surprise of 15.03%.
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 >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Marsh & McLennan Adds RJF Financial to Business Portfolio
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, a unit of Marsh & McLennan Companies, Inc. (MMC - Free Report) has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, MN.
The buyout will expand the company’s retirement services capabilities. The company has chosen RJF Financial because of its 25-year long presence in the retirement service business. RJF Financial Services has served retirement plan sponsors, participants, and business executives in multiple states across the U.S.
Since 2009, Marsh & McLennan has made more than 120 acquisitions and investments totaling more than $5 billion. In each of the last six years, the company’s consolidated underlying revenue grew 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 193.6% since 2009 to date, outperforming the gain of 116.1% logged by the Zacks categorized Insurance Brokers industry.
Marsh & McLennan’s Consulting segment completed six acquisitions during 2016 which included The Positive Ageing Company Limited, ; LShift Limited, Sirota Consulting LLC, Pillar Administration and Thomsons Online.
Its Risk and Insurance Services segment completed nine acquisitions in 2016. The buyouts were of The Celedinas Agency, Inc., Aviation Solutions, LLC, Corporate Consulting Services, Ltd., Benefits Advisory Group LLC, Vero Insurance, Inc., Benefits Resource Group Agency, LLC, Presidio Benefits Group, AD Corretora, and Bluefin Insurance Group, Ltd.
The Consulting segment completed eight acquisitions during 2015, while the Risk and Insurance Services segment completed 13 acquisitions.
Marsh and McLennan used $813 million in 2016, $952 million in 2015 and $554 million in 2014 for acquisitions.
Currently, Marsh and McLennan carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Among the other brokers in the space, Brown & Brown, Inc. (BRO - Free Report) recently acquired the commercial MGA operations of Insurance House.
Also, another player, Arthur J. Gallagher & Co. (AJG - Free Report) , acquired Farallone Pacific Insurance Services, LLC last month.
Another player in the space with the same Zack Rank as Marsh and McLennan is Erie Indemnity Company (ERIE - Free Report) . The stock surpassed earnings estimates in each of the last four quarters, with an average positive surprise of 15.03%.
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 >>