Marsh & McLennan Companies, Inc.’s (MMC Quick QuoteMMC ) unit Marsh McLennan Agency (MMA) recently completed the purchase of one of the biggest independent agencies in North Dakota, Vaaler Insurance, Inc. However, terms of the deal were kept under the wraps. MMA is the middle market arm of Marsh, which in turn, is part of the company’s Risk and Insurance Services segment.
Vaaler caters to business insurance, employee health and benefits, and personal lines solutions. The agency has a solid reputation in the region and is known for its excellent client service and unique insurance solutions.
With the market full of risks, it is the right time to take such strategic initiatives. Vaaler will be able to gain from MMA’s strength and a wide network.
Inorganic Growth Story
Acquisitions form one of the core growth strategies at this currently Zacks Rank #2 (Buy) company. The leading insurance broker made numerous purchases within its different operating units that enabled it to enter new geographies, expand within the existing locations, foray into new businesses, develop new segments and specialize within its current businesses. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It continued to build its arm Marsh & McLennan Agency LLC (MMA) through buyouts. The year 2020 marked a record phase for MMA with regard to acquired revenues since its establishment in 2009. MMA completed eight transactions last year fetching combined revenues of around $235 million.
On Apr 1, 2021, the company bought PayneWest, one of the largest independent agencies in the United States. The Risk and Insurance Services segment also acquired The Pryor Group, LLC, a Texas-based full-service broker providing business insurance with a specialty in quick service restaurants and the personal lines of franchise owners.
Hot Insurance Stocks To Own Right Now: Black Hills Corporation(BKHU)
Black Hills Corporation, a South Dakota corporation (together with its subsidiaries, referred to herein as the “Company,” “we,” “us” or “our”), is a growth-oriented, vertically-integrated energy company headquartered in Rapid City, South Dakota. Our predecessor company, Black Hills Power and Light Company, was incorporated and began providing electric utility service in 1941. It was formed through the purchase and combination of several existing electric utilities and related assets, some of which had served customers in the Black Hills region since 1883. In 1956, we began producing, selling and marketing various forms of energy through non-regulated businesses.
We operate in the United States with two major business groups: Utilities and Non-regulated Energy. Our Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments, and our Non-regulated Energy Group is comprised of Power Generation, Coal Mining and Oil and Gas segments. Advisors’ Opinion:
- [By Stephan Byrd]
Media headlines about BLACK HILLS Cor/EQUITY Ut (NYSE:BKHU) have trended positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BLACK HILLS Cor/EQUITY Ut earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.7211950698084 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Hot Insurance Stocks To Own Right Now: RadNet, Inc.(RDNT)
RadNet, Inc., incorporated on June 19, 2008, is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. The Company operates directly or indirectly through joint ventures with hospitals, approximately 300 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. The Company operates approximately 140 fixed-site, freestanding outpatient diagnostic imaging facilities in California, over 10 in Delaware, three in Florida, 50 in Maryland, 20 in New Jersey, 20 in the Rochester and Hudson Valley areas of New York, approximately 40 in New York City, as well as five in Rhode Island.
In addition to imaging services, the Company’s subsidiary, eRAD, Inc., develops and sells computerized systems for the imaging industry, including Picture Archiving Communications Systems (PACS). Imaging On Call LLC, a subsidiary of the Company, provides teleradiology services for remote interpretation of images on behalf of radiology groups, hospitals and imaging center customers. The Company has approximately 230 MRI systems; 140 CT systems; 50 PET or combination over PET/CT systems; 50 nuclear medicine systems; 390 X-ray systems; 500 ultrasound systems; 260 mammography systems, and over 100 fluoroscopy systems in operation.
The Company competes with Alliance Healthcare Services, Inc. and Diagnostic Imaging Group.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
RadNet Inc (NASDAQ:RDNT)Q4 2018 Earnings Conference CallMarch 14, 2019, 10:30 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Ethan Ryder]
RadNet Inc. (NASDAQ:RDNT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.65 and last traded at $15.55, with a volume of 15009 shares changing hands. The stock had previously closed at $15.15.
Hot Insurance Stocks To Own Right Now: Varex Imaging Corporation (VREX)
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect. The Medical business segment designs, manufactures, sells and services X-ray imaging components for use in a range of applications, including radiographic or fluoroscopic imaging, mammography, special procedures, computed tomography, radiation therapy and computer-aided detection. The Industrial business segment designs, manufactures, sells and services products for use in security and industrial inspection applications, such as cargo screening at ports and borders and non-destructive examination in a range of applications.
Advisors’ Opinion:
- [By Logan Wallace]
Shares of Varex Imaging Corp (NASDAQ:VREX) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $32.00.
- [By Motley Fool Transcribers]
Varex Imaging Corporation (NASDAQ:VREX)Q1 2019 Earnings Conference CallFeb. 05, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Ethan Ryder]
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