The latest announcement is out from XPS Pensions Group Plc ( (GB:XPS) ).
XPS Pensions Group has announced the acquisition of Polaris Actuaries and Consultants Limited, a well-regarded UK insurance consultancy, in a move to accelerate its diversification strategy within the UK Insurance Consulting market. This acquisition will enhance XPS’s service offerings by integrating Polaris’s capabilities, thus allowing XPS to provide comprehensive services from strategic consultancy to implementation for major insurers. The acquisition is expected to be immediately earnings accretive and will strengthen XPS’s market position, leveraging Polaris’s established client relationships and expertise.
More about XPS Pensions Group Plc
XPS Pensions Group is a prominent UK consulting and administration firm specializing in the pensions and insurance sectors. As a FTSE 250 company, XPS provides expert consulting, advanced technology, and analytics services to over 1,400 pension schemes and insurance companies, focusing on life and bulk annuities. The company manages pensions administration for over one million members and offers advisory services to a wide range of schemes, including those with substantial assets.
YTD Price Performance: 15.38%
Average Trading Volume: 1,084,529
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £803.1M
Learn more about XPS stock on TipRanks’ Stock Analysis page.