RBC Capital believes that Marsh & McLennan reported "strong all-around results," and the firm was impressed by the company's organic growth last quarter. RBC was also encouraged by the company's commentary on its 2016 outlook. RBC trimmed its price target on the name to $61 from $64 but keeps an Outperform rating.

Marsh McLennan Agency, a subsidiary of Marsh, announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank. Headquartered in Jackson, Mississippi, FBBINSURANCE is one of the top five largest bank-affiliated insurance agencies in the country and one of the largest agencies in the Southeast. Under terms of the agreement, Marsh McLennan Agency will pay $315.9 million in cash, subject to customary purchase price adjustments, to acquire FBBINSURANCE. The transaction is pending regulatory approval and standard closing conditions, and is expected to close during the second quarter of 2024.