BUZZ-Marsh McLennan rises on Q4 profit beat

Reuters
30 Jan
BUZZ-Marsh McLennan rises on Q4 profit beat

** Shares of insurance brokerage and consulting company Marsh McLennan MMC.N rise 1.2% to $222 premarket

** Co posts Q4 adj profit of $1.87 per share vs est of $1.76 per share - data compiled by LSEG

** MMC reports total Q4 revenue of $6.07 bln, up 9.2% from the year-ago period

** Revenue from risk and insurance business rises 11.5% to $3.65 bln

** Co's fiduciary interest income - earnings on funds held on behalf of clients - falls 9% to $112 mln

** Five of 21 brokerages rate the stock "buy", 14 "hold" and 2 "sell"; their median PT is $233 - LSEG data

** Stock rose 12.1% in 2024, trailing peer Brown & Brown BRO.N, which ended the year up 43.5%

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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