Nisa Investment Advisors LLC Increases Marsh & McLennan Companies Stake, Demonstrates Confidence in Financial Services Providers

Financial Advisors


Nisa Investment Advisors LLC recently increased its stake in Marsh & McLennan Companies, Inc. by nearly 80% in the fourth quarter, according to a recently filed Form 13F with the Securities and Exchange Commission. The fund currently holds more than 312,000 shares of common stock in the company, valued at approximately $51.7 million at the time of the latest filing. The move shows confidence in the financial services provider and could stimulate further investment from other companies.

This positive sentiment toward Marsh & McLennan Companies is reflected in recent analyst reports. Wells Fargo & Company raised its price target on MMC stock from $190 to $197 and gave the stock an Overweight rating. Similarly, Raymond James raised his price target for the stock from his $180 to $185, labeling it “outperforming.” Other analysts were less enthusiastic, offering more neutral or negative ratings for MMC stock.

Regardless of your opinion, the Marsh & McLennan Companies stock has been doing well in recent months. Shares on Wednesday he opened at $174.89. That’s not far from his 52-week high of $183.14, but still maintains a market cap of over $86 billion. The current ratio is also healthy at 1:16 (among other factors), indicating strong financial resilience amid economic uncertainty.

In conclusion, Nisa Investment Advisors LLC’s significant increase in investment in Marsh & McLennan Companies appears to reflect widespread confidence in the financial services firm. Supported by positive ratings from various analysts and recent overall strong market performance. These developments are certainly something that many investors will want to follow closely.

Financial Services Industry Turns to Marsh & McLennan Companies


The financial services industry has recently taken notice of Marsh & McLennan Companies (MMC), with many hedge funds and institutional investors adding or subtracting stakes in the company. Capital Research Global Investors increased its MMC stock position by 331.5% in the first quarter, while BlackRock Inc. increased his position by 1.7% in the third quarter. Bank of Montreal Can made a big move, up 104.9% position. Collectively, institutional investors and hedge funds now own 87.30% of MMC’s shares.

CEO Dean Michael Klisura also recently made headlines by selling 3,140 shares of MMC stock for a total of $518,790.80 on March 6th. Klisura continues to hold his 20,935 shares worth approximately $3,458,880.70 after the sale.

Several analysts have been putting a lot of weight on MMC’s performance lately. MKM Partners gave the stock a Neutral rating, with a new price target of $175. Raymond James raised his target price from $180 to $185 and rated it as “outperforming”. Credit Suisse Group maintained its Neutral rating but increased its price target from $157 to $172. Finally, JPMorgan Chase & Co upgraded its rating from Neutral to Buy.

On January 26 of this year, Marsh & McLennan Companies also reported quarterly earnings data. His EPS for the quarter was $1.47, beating analyst consensus expectations by $0.07. Sales he exceeded $5 billion.

However, Bloomberg reports that one expert issued a sell rating to MMC, even though most analysts reported giving it a ‘Hold’ rating with an average target price of $180.79. As such, it remains a cause for concern among some investment analysts.

MMC’s current yield is 1.35%, and following its recent quarterly dividend announcement, shareholders will pay 0.59 per share on May 15 if they are recorded as owning MMC shares on Wednesday, April 5. Receive dollar payments.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *