Marsh & McLennan Agency acquires Capstone Insurance Services Marsh & McLennan Agency, a subsidiary of insurance broker Marsh, announced it has acquired Capstone Insurance Services, a $1.8M revenue agency located in Greenville, South Carolina. Terms of the transaction were not disclosed. Marsh is a unit of Marsh & McLennan.
Marsh & McLennan downgraded to Neutral from Buy at Goldman Goldman Sachs downgraded Marsh & McLennan to Neutral citing the stock's proximity to its unchanged price target of $60. Goldman notes shares are up 61% since the firm upgraded Marsh to Buy on February 6, 2013.