Last 7 days
-3.4%
Last 30 days
-3.6%
Last 90 days
1.8%
Trailing 12 Months
26.9%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-11 | MILLS STEVEN A | sold | -9,305,650 | 195 | -47,553 | - |
2023-09-11 | MILLS STEVEN A | acquired | 9,305,650 | 195 | 47,553 | - |
2023-08-29 | FANJUL OSCAR | sold | -584,700 | 194 | -3,000 | - |
2023-08-15 | FANJUL OSCAR | acquired | 34,999 | 192 | 182 | - |
2023-08-15 | FANJUL OSCAR | sold (taxes) | -3,793 | 192 | -19.74 | - |
2023-08-15 | MILLS STEVEN A | acquired | 41,124 | 192 | 214 | - |
2023-07-26 | Klisura Dean Michael | sold | -2,494,010 | 192 | -12,976 | president & ceo, guy carpenter |
2023-07-26 | Klisura Dean Michael | acquired | 743,849 | 57.325 | 12,976 | president & ceo, guy carpenter |
2023-07-24 | MILLS STEVEN A | gifted | - | - | -47,553 | - |
2023-07-24 | MILLS STEVEN A | gifted | - | - | 47,553 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-26 | DecisionPoint Financial, LLC | unchanged | - | 582 | 5,079 | -% |
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -26.82 | -4,274,240 | 20,346,700 | 0.08% |
2023-09-21 | Jefferies Group LLC | new | - | 2,090,060 | 2,090,060 | 0.02% |
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 948 | 8,073 | -% |
2023-09-20 | BARCLAYS PLC | added | 86.08 | 153,886,000 | 293,614,000 | 0.19% |
2023-09-12 | Prosperity Financial Group, Inc. | added | 2.39 | 131,570 | 973,314 | 0.86% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -0.22 | 9,565 | 85,012 | 0.02% |
2023-09-11 | Dechtman Wealth Management, LLC | new | - | 305,283 | 305,283 | 0.09% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -2,332 | - | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 131,656 | 131,656 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 8.81% | 43,717,203 | SC 13G/A | |
Feb 07, 2023 | blackrock inc. | 8.7% | 43,138,772 | SC 13G/A | |
Feb 14, 2022 | price t rowe associates inc /md/ | 4.9% | 24,998,897 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 8.34% | 42,128,173 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 8.5% | 43,136,914 | SC 13G/A | |
Feb 16, 2021 | price t rowe associates inc /md/ | 6.5% | 33,053,215 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 8.28% | 42,016,368 | SC 13G/A | |
Jan 29, 2021 | blackrock inc. | 8.1% | 41,242,579 | SC 13G/A | |
Feb 14, 2020 | price t rowe associates inc /md/ | 7.0% | 35,437,356 | SC 13G/A | |
Feb 12, 2020 | vanguard group inc | 7.74% | 39,102,627 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 13, 2023 | 4 | Insider Trading | |
Sep 11, 2023 | 8-K | Current Report | |
Sep 07, 2023 | 424B2 | Prospectus Filed | |
Sep 06, 2023 | 424B2 | Prospectus Filed | |
Sep 06, 2023 | FWP | Prospectus Filed | |
Aug 30, 2023 | 4 | Insider Trading | |
Aug 17, 2023 | 4 | Insider Trading | |
Aug 17, 2023 | 4 | Insider Trading | |
Aug 17, 2023 | 4 | Insider Trading | |
Aug 17, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MMC | 93.3B | 21.6B | -3.58% | 26.92% | 28.41 | 4.32 | 4.57% | -2.84% |
AON | 65.8B | 12.9B | -3.88% | 20.20% | 24.33 | 5.11 | 3.53% | 78.84% |
AJG | 48.5B | 9.2B | -2.67% | 32.08% | 43.57 | 5.26 | 7.35% | 5.16% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
BRO | 19.7B | 4.0B | -6.31% | 15.17% | 26.93 | 4.94 | 22.72% | 19.33% |
AFG | 9.3B | 7.5B | -6.50% | -5.67% | 10.94 | 1.25 | 12.86% | -17.26% |
MID-CAP | ||||||||
UNM | 9.2B | 12.1B | -0.79% | 27.47% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.7B | 10.6B | 3.14% | 0.51% | 22.17 | 0.72 | 3.62% | -71.27% |
GNW | 2.8B | 7.5B | 1.71% | 69.71% | 5.16 | 0.37 | -1.40% | -38.58% |
SMALL-CAP | ||||||||
GSHD | 1.7B | 242.3M | 5.10% | 106.43% | 292.17 | 7.19 | 37.52% | 918.24% |
BRP | 1.4B | 1.1B | -16.04% | -13.97% | -12.24 | 1.2 | 47.14% | -2460.07% |
EHTH | 216.2M | 390.2M | 2.10% | 98.72% | -3.49 | 0.55 | -15.74% | 60.20% |
HALL | 78.6M | 162.3M | -15.42% | -81.18% | -0.73 | 0.39 | -9.82% | -20.58% |
KINS | 18.8M | 146.0M | -9.79% | -34.21% | -1.39 | 0.13 | 4.52% | 41.12% |
17.8%
17.8%
19.4%
19.4%
19.2%
18.5%
0%
Y-axis is the maximum loss one would have experienced if Marsh & McLennan Companies was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 2.4% | 21,592 | 21,095 | 20,720 | 20,835 | 20,648 | 20,286 | 19,820 | 19,099 | 18,484 | 17,656 | 17,224 | 17,072 | 17,072 | 17,232 | 16,652 | 16,100 | 15,636 | 15,021 | 14,950 | 14,923 | 14,760 |
Operating Expenses | 2.4% | 16,938 | 16,534 | 16,440 | 16,249 | 16,113 | 15,887 | 15,508 | 15,202 | 14,787 | 14,302 | 14,158 | 13,985 | 14,058 | 14,423 | 13,975 | 13,394 | 12,856 | 12,230 | 12,189 | 12,113 | 11,956 |
EBITDA | -100.0% | - | 5,193 | 4,932 | 5,231 | 5,208 | 5,120 | 5,034 | 4,649 | 4,417 | 4,002 | 3,696 | 3,689 | 3,649 | 3,421 | 3,351 | 3,006 | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.25* | 0.24* | 0.25* | 0.25* | 0.25* | 0.25* | 0.24* | 0.24* | 0.23* | 0.21* | 0.22* | 0.21* | 0.20* | 0.20* | 0.19* | - | - | - | - | - |
Interest Expenses | 6.5% | 527 | 495 | 469 | 451 | 440 | 436 | 444 | 463 | 484 | 506 | 515 | 517 | 522 | 531 | 524 | 486 | 422 | 349 | 290 | 257 | 248 |
Earnings Before Taxes | 1.7% | 4,394 | 4,322 | 4,082 | 4,430 | 4,413 | 4,310 | 4,208 | 3,787 | 3,530 | 3,108 | 2,793 | 2,784 | 2,739 | 2,502 | 2,439 | 2,132 | 2,103 | 2,272 | 2,244 | 2,662 | 2,814 |
EBT Margin | -100.0% | - | 0.20* | 0.20* | 0.21* | 0.21* | 0.21* | 0.21* | 0.20* | 0.19* | 0.18* | 0.16* | 0.16* | 0.16* | 0.15* | 0.15* | 0.13* | - | - | - | - | - |
Net Income | 2.1% | 3,282 | 3,214 | 3,050 | 3,387 | 3,378 | 3,231 | 3,143 | 2,714 | 2,493 | 2,245 | 2,016 | 2,033 | 2,020 | 1,780 | 1,742 | 1,504 | 1,477 | 1,676 | 1,650 | 1,526 | 1,643 |
Net Income Margin | -100.0% | - | 0.15* | 0.15* | 0.16* | 0.16* | 0.16* | 0.16* | 0.14* | 0.13* | 0.13* | 0.12* | 0.12* | 0.12* | 0.10* | 0.10* | 0.09* | - | - | - | - | - |
Free Cashflow | -100.0% | - | 2,916 | 2,995 | 2,900 | 2,852 | 2,763 | 3,110 | 3,119 | 3,255 | 3,313 | 3,034 | 2,654 | 2,238 | 1,533 | 1,940 | 2,024 | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 35.5% | 46,566 | 34,358 | 44,114 | 32,023 | 33,440 | 33,688 | 34,388 | 32,982 | 32,953 | 32,273 | 33,049 | 32,681 | 32,169 | 31,391 | 31,357 | 31,097 | 32,116 | 30,137 | 21,578 | 21,129 | 21,159 |
Current Assets | 128.3% | 20,802 | 9,113 | 18,959 | 7,574 | 8,169 | 7,788 | 8,264 | 7,877 | 7,573 | 7,549 | 8,155 | 8,312 | 8,097 | 7,749 | 7,068 | 7,056 | 7,526 | 12,675 | 5,934 | 5,966 | 6,175 |
Cash Equivalents | 16.4% | 1,171 | 1,006 | 1,442 | 802 | 909 | 772 | 11,374 | 1,398 | 888 | 1,120 | 2,089 | 2,388 | 1,711 | 1,480 | 8,499 | 1,213 | 1,294 | 1,117 | 6,067 | 951 | 1,036 |
Net PPE | 0.3% | 870 | 867 | 871 | 865 | 863 | 865 | 847 | 824 | 816 | 830 | 856 | 864 | 866 | 850 | 858 | 816 | 799 | 716 | 701 | 707 | 698 |
Goodwill | 2.0% | 16,621 | 16,300 | 16,251 | 15,576 | 15,963 | 16,254 | 16,317 | 15,648 | 15,775 | 15,458 | 15,517 | 15,034 | 14,797 | 14,412 | 14,671 | 14,286 | 14,479 | 9,739 | 9,599 | 9,435 | 9,177 |
Current Liabilities | 150.4% | 19,813 | 7,914 | 17,832 | 7,292 | 7,016 | 6,587 | 6,654 | 6,659 | 5,816 | 6,123 | 6,556 | 6,530 | 5,928 | 6,859 | 6,679 | 6,204 | 6,382 | 5,739 | 4,924 | 4,727 | 4,216 |
Short Term Borrowings | - | - | - | 268 | - | - | - | 17.00 | - | - | - | 517 | - | - | - | 1,215 | - | - | - | 314 | - | - |
Long Term Debt | - | - | - | 11,227 | - | - | - | 10,933 | - | - | - | 10,796 | - | - | - | 10,741 | - | - | 11,472 | 5,510 | 5,512 | 5,813 |
LT Debt, Non Current | -5.5% | 10,247 | 10,841 | 11,227 | 10,399 | 10,487 | 10,552 | 10,933 | 10,228 | 10,257 | 10,242 | 10,796 | 11,532 | 11,985 | 11,231 | 10,741 | 11,429 | 11,459 | - | 5,510 | - | - |
Shareholder's Equity | 8.4% | 12,139 | 11,196 | 10,749 | 9,791 | 10,917 | 11,156 | 11,222 | 9,888 | 10,264 | 9,596 | 9,260 | 8,752 | 8,392 | 7,451 | 7,943 | 7,797 | 8,337 | 7,986 | 7,584 | 7,538 | 7,797 |
Retained Earnings | 4.9% | 21,980 | 20,949 | 20,301 | 19,837 | 19,880 | 18,916 | 18,389 | 17,589 | 17,597 | 16,780 | 16,272 | 15,902 | 16,060 | 15,490 | 15,199 | 14,811 | 14,741 | 14,642 | 14,347 | 14,196 | 14,131 |
Additional Paid-In Capital | 0.9% | 1,074 | 1,064 | 1,179 | 1,111 | 1,044 | 1,026 | 1,112 | 1,034 | 945 | 851 | 943 | 882 | 814 | 746 | 862 | 796 | 736 | 681 | 817 | 771 | 732 |
Accumulated Depreciation | 2.0% | 1,611 | 1,579 | 1,531 | 1,650 | 1,673 | 1,679 | 1,589 | 2,327 | 2,317 | 2,197 | 2,159 | 2,113 | 2,052 | 2,012 | 2,001 | 1,944 | 2,018 | 1,889 | 1,842 | 1,863 | 1,857 |
Shares Outstanding | -0.2% | 494 | 495 | 495 | 497 | 499 | 502 | 504 | 505 | 507 | 509 | 508 | 507 | 506 | 506 | 504 | 505 | 507 | 507 | 504 | 504 | 505 |
Minority Interest | -26.7% | 178 | 243 | 229 | 226 | 224 | 219 | 213 | 154 | 156 | 162 | 156 | 161 | 166 | 156 | 150 | 177 | 272 | 77.00 | 73.00 | 85.00 | 81.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 6.0% | 3,550 | 3,348 | 3,465 | 3,405 | 3,346 | 3,222 | 3,516 | 3,457 | 3,554 | 3,612 | 3,382 | 3,069 | 2,698 | 1,999 | 2,361 | 2,400 | 2,256 | 2,516 | 2,428 | 2,075 | 1,963 |
Share Based Compensation | 0.8% | 364 | 361 | 367 | 368 | 366 | 375 | 348 | 334 | 319 | 296 | 290 | 287 | 282 | 267 | 252 | 231 | 211 | 200 | 193 | 184 | 173 |
Cashflow From Investing | -3.2% | -1,093 | -1,059 | -850 | -955 | -998 | -1,256 | -1,164 | -719 | -653 | -615 | -793 | 463 | 471 | -4,453 | -4,395 | -5,841 | -6,240 | -1,206 | -1,089 | -849 | -697 |
Cashflow From Financing | -16.8% | -1,317 | -1,128 | -1,046 | -1,142 | -585 | -181 | -1,297 | -889 | -1,760 | -2,526 | -925 | -169 | -372 | -1,155 | 4,331 | 3,774 | 4,246 | 5,222 | -1,310 | -1,229 | -1,257 |
Dividend Payments | 1.7% | 1,182 | 1,162 | 1,138 | 1,116 | 1,095 | 1,061 | 1,026 | 991 | 955 | 948 | 943 | 937 | 934 | 912 | 890 | 868 | 846 | 828 | 807 | 789 | 772 |
Buy Backs | -17.1% | 1,450 | 1,750 | 1,950 | 2,025 | 1,825 | 1,547 | 1,159 | 734 | 434 | 112 | - | 185 | 385 | 485 | 485 | 300 | 275 | 425 | 675 | 975 | 1,000 |
Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 5,876 | $ 5,379 | $ 11,800 | $ 10,928 |
Expense: | ||||
Compensation and benefits | 3,337 | 3,010 | 6,544 | 6,110 |
Other operating expenses | 1,082 | 1,005 | 2,073 | 2,009 |
Operating expenses | 4,419 | 4,015 | 8,617 | 8,119 |
Operating income | 1,457 | 1,364 | 3,183 | 2,809 |
Other net benefit credits | 60 | 59 | 118 | 121 |
Interest income | 10 | 1 | 24 | 2 |
Interest expense | (146) | (114) | (282) | (224) |
Investment income | 3 | 2 | 5 | 28 |
Income before income taxes | 1,384 | 1,312 | 3,048 | 2,736 |
Income tax expense | 337 | 334 | 749 | 672 |
Net income before non-controlling interests | 1,047 | 978 | 2,299 | 2,064 |
Less: Net income attributable to non-controlling interests | 12 | 11 | 29 | 26 |
Net income attributable to the Company | $ 1,035 | $ 967 | $ 2,270 | $ 2,038 |
Net income per share attributable to the Company: | ||||
Basic (in dollars per share) | $ 2.09 | $ 1.93 | $ 4.59 | $ 4.06 |
Diluted (in dollars per share) | $ 2.07 | $ 1.91 | $ 4.55 | $ 4.01 |
Average number of shares outstanding: | ||||
Basic (in shares) | 495 | 501 | 495 | 502 |
Diluted (in shares) | 499 | 506 | 499 | 508 |
Shares outstanding (in shares) | 494 | 499 | 494 | 499 |
Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 1,171 | $ 1,442 |
Cash and cash equivalents held in a fiduciary capacity | 11,564 | 10,660 |
Receivables | ||
Commissions and fees | 6,406 | 5,293 |
Advanced premiums and claims | 97 | 103 |
Other | 637 | 616 |
Gross receivables | 7,140 | 6,012 |
Less-allowance for credit losses | (154) | (160) |
Net receivables | 6,986 | 5,852 |
Other current assets | 1,081 | 1,005 |
Total current assets | 20,802 | 18,959 |
Goodwill | 16,621 | 16,251 |
Other intangible assets | 2,508 | 2,537 |
Fixed assets (net of accumulated depreciation and amortization of $1,611 at June 30, 2023 and $1,531 at December 31, 2022) | 870 | 871 |
Pension related assets | 2,331 | 2,127 |
Right of use assets | 1,569 | 1,562 |
Deferred tax assets | 365 | 358 |
Other assets | 1,500 | 1,449 |
Total assets | 46,566 | 44,114 |
Current liabilities: | ||
Short-term debt | 2,375 | 268 |
Accounts payable and accrued liabilities | 3,137 | 3,278 |
Accrued compensation and employee benefits | 2,021 | 3,095 |
Current lease liabilities | 309 | 310 |
Accrued income taxes | 407 | 221 |
Fiduciary liabilities | 11,564 | 10,660 |
Total current liabilities | 19,813 | 17,832 |
Long-term debt | 10,247 | 11,227 |
Pension, post-retirement and post-employment benefits | 866 | 921 |
Long-term lease liabilities | 1,699 | 1,667 |
Liabilities for errors and omissions | 364 | 355 |
Other liabilities | 1,438 | 1,363 |
Commitments and contingencies | 0 | 0 |
Equity: | ||
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued | 0 | 0 |
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at June 30, 2023 and December 31, 2022 | 561 | 561 |
Additional paid-in capital | 1,074 | 1,179 |
Retained earnings | 21,980 | 20,301 |
Accumulated other comprehensive loss | (5,055) | (5,314) |
Non-controlling interests | 178 | 229 |
Stockholders' equity before treasury stock | 18,738 | 16,956 |
Less – treasury shares, at cost, 66,590,930 shares at June 30, 2023 and 65,855,914 shares at December 31, 2022 | (6,599) | (6,207) |
Total equity | 12,139 | 10,749 |
Total liabilities and stockholders' equity | $ 46,566 | $ 44,114 |