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.
Top Insurance Stocks To Buy Right Now: MongoDB, Inc.(MDB)
MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
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Shares of MongoDB (MDB) – Get MongoDB, Inc. Class A Report soared after the database platform posted better-than-expected fiscal-second-quarter results and received a round of price-target hikes from analysts. Revenue totaled $198.7 million, up 44% from a year earlier and beating analysts' expectations of $182.4 million.
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It’s Motley Fool Money, where a handful of Foolish analysts hit on the week’s biggest market news. Shares of MongoDB (NASDAQ:MDB)are up some 30% on earnings, despite losing money. Uber wants to go public with a cute little $120 billion market cap. Ulta Beauty(NASDAQ:ULTA) continues to knock it out of the park. Stitch Fix(NASDAQ:SFIX) shares popped, but risks still loom large. Brain drain at Facebook(NASDAQ:FB)should have shareholders on alert about the future. Boeing’s (NYSE:BA) 737 tragedies speak to some pretty big issues with management. Tune in for these stories and many more, and some stocks on our radar this week. Plus Academy Award-winning director Alex Gibney’s The Inventor: Out for Blood in Silicon Valley premieres on HBO this Monday. Gibney talks with us about Elizabeth Holmes and the complicated web of storytelling, fraud, and lies that encircled Theranos.
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Appropriately, the world’s need for databases is also changing.MongoDB(NASDAQ:MDB)is helping companies capture these new data sets, with general-purpose databases providing a more flexible and open-source way for developers to harness information to create business-specific applications.
Top Insurance Stocks To Buy Right Now: ADTRAN Inc.(ADTN)
ADTRAN, Inc. designs, manufactures, markets, and services communications network solutions that enable voice, data, video, and Internet communications across wireline and wireless networks worldwide. Its Carrier Networks division provides fiber and copper-based solutions for service providers to deliver voice, data, and video services to customers? premises and mobile network cell sites. Its products enable services, such as voice, VoIP, IP television, RF video, high speed Internet access, and data services based upon Ethernet, frame relay, TDM, and ATM networks, connecting the network with user components, such as switches, routers, gateways, integrated access devices (IADs), private branch exchanges (PBXs), and telephone key systems. This division serves local exchange carriers, independent operating companies, competitive local exchange carriers, utilities, municipalities, cable MSOs, international carriers, and wireless service providers. The company?s Enterprise Net works division provides Internetworking solutions for enterprise customers to construct voice, data, and video networks within their sites or among distributed sites. It offers Internetworking solutions, including IP business gateways, optical network terminals, virtual wireless LAN products, multi-service routers, managed Ethernet switches, IP PBX products, IP phone products, unified communications and unified threat management solutions, and carrier Ethernet network terminating equipment, as well as provides IADs. This division serves the retail, food service, healthcare, finance, government, education, manufacturing, military, transportation, hospitality, and energy/utility markets. ADTRAN, Inc. also provides digital data service and integrated services digital network products, high bit-rate digital subscriber line products, T1/E1/T3, channel service units/data service units, and fixed wireless products. The company was founded in 1985 and is headquartered in Huntsville, Alabama.
- [By Shane Hupp]
BidaskClub upgraded shares of ADTRAN (NASDAQ:ADTN) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Several other analysts have also issued reports on ADTN. Zacks Investment Research upgraded shares of ADTRAN from a hold rating to a buy rating and set a $19.00 price target on the stock in a research report on Tuesday, October 9th. Needham & Company LLC decreased their price target on shares of ADTRAN from $18.00 to $17.00 and set a buy rating on the stock in a research report on Thursday, October 18th. They noted that the move was a valuation call. ValuEngine lowered shares of ADTRAN from a buy rating to a hold rating in a research report on Wednesday, October 17th. Northland Securities set a $24.00 price target on shares of ADTRAN and gave the stock a buy rating in a research report on Thursday, December 20th. Finally, MKM Partners decreased their price target on shares of ADTRAN to $17.00 and set a buy rating on the stock in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $17.50.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on ADTRAN (ADTN)
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Top Insurance Stocks To Buy Right Now: (LGEAF)
LG Electronics Inc. is a Korea-based manufacturer specialized in the provision of electronic products. The Company mainly operates home entertainment division, which provides liquid crystal display (LCD) televisions (TVs), plasma display panel (PDP) TVs, LCD monitors, as well as audio, video and security equipment; mobile communications division, which provides mobile terminals, tablet personal computers (PCs) and network equipment; home appliance division, which provides refrigerators, washing machines, microwave ovens, healthcare equipment, cleaners, water treatment machines and others; air conditioning and energy solution division, which mainly provides industrial and household air conditionings, as well as other business division. It also involves in the light-emitting diode (LED) business, optics solutions business, vehicle components business and others. Advisors’ Opinion:
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Coherent’s ELA deposition technology for LTPS backplane isn’t used in OLED TVs, where LG (OTC:LGEAF) uses metal oxide backpanes. There was some worry by analysts whether that technology could migrate to the smartphone panel market which CEO Ambroseo could not dispel entirely, but he argued that it has not been demonstrated suitable for handsets or battery-powered devices at this point.