10 Best Insurance Stocks to Buy According to Hedge Funds

5. Marsh & McLennan Companies, Inc. (NYSE:MMC)

No. of Hedge Fund Holders: 69

Marsh & McLennan Companies, Inc. (NYSE:MMC) is a professional services firm that offers insurance brokerage and related services. It provides services in the areas of risk, strategy, and people. MMC’s Risk and Insurance Services segment includes risk management activities, insurance, and reinsurance broking and services.

C. Gregory Peters from Raymond James recently upgraded the price target on MMC shares from $240 to $250, maintaining an Outperform rating. The analyst expects higher organic growth and adjusted operating income margin expansion in 2025 to be key reasons for growth.

Marsh & McLennan Companies, Inc. (NYSE:MMC) is integrating into the market with acquisitions. The acquisition of McGriff Insurance Services in late 2024 adds to MMC’s capabilities across commercial property and casualty, employee benefits, management liability, and personal insurance lines. This acquisition generated $1.3 billion in revenues in 2024 and between $400 to $ 500 million in EBITDA to MMC’s MMA segment.  The company is also set to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions, announced on February 18. This potential acquisition will further diversify Marsh & McLennan’s revenue.