Thu Sep 26 14:12:53 UTC 2024: ## AE Wealth Management Boosts Marsh & McLennan Companies Holdings Amid Positive Analyst Sentiment

**New York, NY** – AE Wealth Management LLC, a prominent institutional investor, increased its stake in Marsh & McLennan Companies, Inc. (NYSE: MMC) by 10.5% during the second quarter, according to HoldingsChannel.com. The investment firm now owns 2,868 shares of the financial services provider, valued at $604,000.

This move by AE Wealth Management reflects a broader trend of institutional interest in Marsh & McLennan Companies. Several other investors have also recently adjusted their holdings, including Indiana Trust & Investment Management CO, Headlands Technologies LLC, Clear Investment Research LLC, Crewe Advisors LLC, and Dixon Mitchell Investment Counsel Inc. Overall, institutional investors own 87.99% of Marsh & McLennan Companies stock.

The company’s positive performance has attracted attention from research analysts as well. Several firms, including Roth Mkm, JPMorgan Chase & Co., Royal Bank of Canada, and Barclays, have recently raised their target price for MMC stock. While two analysts rate the stock as a “sell,” twelve recommend “hold,” and four suggest “buy,” leading to a consensus rating of “Hold” with a target price of $215.53, according to MarketBeat.com.

Further highlighting the company’s strong performance, Marsh & McLennan Companies exceeded analysts’ expectations for its second-quarter earnings, reporting $2.41 earnings per share against an estimated $2.40. The company also declared a quarterly dividend of $0.815 per share, payable on November 15th.

Despite the generally positive outlook, recent insider activity suggests some caution. CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in August, while SVP Paul Beswick sold 2,169 shares in July. Overall, company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies is a leading professional services company specializing in risk, strategy, and human capital solutions. Its two operating segments, Risk and Insurance Services and Consulting, cater to clients globally.

The company’s stock opened at $223.88 on Thursday, with a market capitalization of $110.31 billion. Investors are closely watching the company’s continued performance and the impact of recent insider transactions on its future trajectory.

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