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flag Chevy Chase Trust sold part of its Marsh & McLennan shares, but the company's earnings beat estimates.

flag Chevy Chase Trust Holdings LLC reduced its stake in Marsh & McLennan Companies, Inc. (MMC) by 2.3% in the fourth quarter of 2020, selling 5,971 shares and holding 258,430 shares worth $54.89 million. flag Other institutional investors also adjusted their holdings, with some increasing their stakes significantly. flag MMC reported earnings per share of $1.87 for the quarter, beating estimates by $0.12, and the company announced a quarterly dividend of $0.815 per share. flag Analysts have given the stock a consensus "Hold" rating with a target price of $230.44.

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