|Bid||180.00 x 800|
|Ask||0.00 x 900|
|Day's range||192.75 - 197.26|
|52-week range||151.86 - 201.96|
|Beta (5Y monthly)||0.94|
|PE ratio (TTM)||28.16|
|Earnings date||24 Jan 2024 - 29 Jan 2024|
|Forward dividend & yield||2.84 (1.45%)|
|Ex-dividend date||05 Oct 2023|
|1y target est||206.59|
The acquisition is expected to enhance Marsh & McLennan's (MMC) business, Mercer's strengths in OCIO and the management of alternative asset classes.
NEW YORK, December 05, 2023--Mercer, a global leader in reshaping retirement and investment outcomes and a business of Marsh McLennan (NYSE: MMC), today announced that it reached an agreement to acquire Vanguard’s outsourced chief investment officer (OCIO) business that provides investment management services for not-for-profit organizations and other institutional investors in the United States.
AON's PEP currently serves more than 70 employers from different industries. It provides benefits in the form of increased retirement savings for employees.