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Marsh & McLennan Companies Inc Stock Research

MMC

166.55USD+1.67(+1.01%)Market Closed

Market Summary

USD166.55+1.67
Market Closed
1.01%

MMC Alerts

MMC Stock Price

MMC RSI Chart

MMC Valuation

Market Cap

82.4B

Price/Earnings (Trailing)

27.03

Price/Sales (Trailing)

3.98

EV/EBITDA

18.7

Price/Free Cashflow

27.53

MMC Price/Sales (Trailing)

MMC Profitability

EBT Margin

19.70%

Return on Equity

28.37%

Return on Assets

9.12%

Free Cashflow Yield

3.63%

MMC Fundamentals

MMC Revenue

Revenue (TTM)

20.7B

Revenue Y/Y

-2.24%

Revenue Q/Q

5.28%

MMC Earnings

Earnings (TTM)

3.0B

Earnings Y/Y

-41.97%

Earnings Q/Q

-14.65%

Price Action

52 Week Range

142.26181.77
(Low)(High)

Last 7 days

4.4%

Last 30 days

1.7%

Last 90 days

-0.4%

Trailing 12 Months

-3.0%

MMC Financial Health

Current Ratio

1.16

Debt/Equity

1.04

Debt/Cashflow

0.31

MMC Investor Care

Buy Backs (1Y)

1.79%

Diluted EPS (TTM)

6.04

Peers (Alternatives to Marsh & McLennan Companies)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
82.4B
20.7B
1.69% -3.02%
27.03
3.98
4.54% -2.96%
66.5B
12.5B
2.94% -3.56%
25.68
5.33
2.35% 106.29%
40.5B
8.6B
1.54% 10.39%
36.38
4.74
4.16% 22.87%
25.0B
12.1B
-7.26% 18.89%
41.92
2.08
1.63% -56.71%
16.3B
3.6B
0.98% -21.72%
24.21
4.55
17.11% 14.43%
10.4B
7.0B
-10.73% -8.74%
11.53
1.47
7.45% -54.99%
MID-CAP
7.9B
12.0B
-12.44% 27.16%
5.99
0.66
-0.19% 59.45%
6.3B
10.2B
-6.86% -33.63%
22.93
0.62
0.05% -79.62%
2.5B
7.5B
-20.06% 31.05%
4.08
0.33
-4.15% -32.63%
SMALL-CAP
1.5B
980.7M
-12.98% -8.99%
-34.91
1.49
72.88% -36.30%
1.1B
209.4M
9.02% -40.85%
1.9K
5.21
38.38% -89.54%
256.0M
405.4M
26.22% -25.44%
-2.88
0.63
-24.68% 15.00%
118.2M
412.3M
-41.42% 77.20%
-1.14
0.29
2.45% -2848.83%
14.2M
136.2M
-10.29% -76.54%
-0.87
0.1
-11.34% -148.82%

Financials for Marsh & McLennan Companies

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.6%20,72020,83520,64820,28619,820
Operating Expenses1.2%16,44016,24916,11315,88715,508
EBITDA-5.7%4,9325,2315,2085,120-
EBITDA Margin-5.2%0.24*0.25*0.25*0.25*-
Earnings Before Taxes-7.9%4,0824,4304,4134,3104,208
EBT Margin-7.3%0.20*0.21*0.21*0.21*-
Interest Expenses4.0%469451440436444
Net Income-9.9%3,0503,3873,3783,2313,143
Net Income Margin-9.4%0.15*0.16*0.16*0.16*-
Free Cahsflow3.3%2,9952,9002,8522,763-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.5%33,45432,02333,44033,68834,388
  Current Assets9.6%8,2997,5748,1697,7888,264
    Cash Equivalents79.8%1,4428029097721,752
  Net PPE0.7%871865863865847
  Goodwill4.3%16,25115,57615,96316,25416,317
  Current Liabilities-1.6%7,1727,2927,0166,5876,654
.    Short Term Borrowings1476.5%26817.00---
  Long Term Debt2.7%11,22710,933---
    LT Debt, Non Current-0.8%10,39910,48710,55210,933-
Shareholder's Equity9.8%10,7499,79110,91711,15611,222
  Retained Earnings2.3%20,30119,83719,88018,91618,389
  Additional Paid-In Capital6.1%1,1791,1111,0441,0261,112
Accumulated Depreciation-1.4%1,6501,6731,6791,589-
Shares Outstanding-0.4%495497499502504
Minority Interest1.3%229226224219213
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations1.8%3,4653,4053,3463,2223,516
  Share Based Compensation-0.3%367368366375348
Cashflow From Investing11.0%-850-955-998-1,256-1,164
Cashflow From Financing8.4%-1,046-1,142-585-181-1,297
  Dividend Payments2.0%1,1381,1161,0951,0611,026
  Buy Backs-3.7%1,9502,0251,8251,5471,159

Risks for MMC

What is the probability of a big loss on MMC?

19.2%


Probability that Marsh & McLennan Companies stock will be more than 20% underwater in next one year

18.5%


Probability that Marsh & McLennan Companies stock will be more than 30% underwater in next one year.

0%


Probability that Marsh & McLennan Companies stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MMC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Marsh & McLennan Companies was unfortunately bought at previous high price.

Drawdowns

Returns for MMC

Cumulative Returns on MMC

18.1%


10-Year Cumulative Returns

17.3%


7-Year Cumulative Returns

16.7%


5-Year Cumulative Returns

24.3%


3-Year Cumulative Returns

What are the long-term rolling returns for MMC?

FIve years rolling returns for Marsh & McLennan Companies.

Annualized Returns

Which funds bought or sold MMC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-28
Acrisure Capital Management, LLC
new
-
1,283,630
1,283,630
1.42%
2023-03-27
Neo Ivy Capital Management
sold off
-100
-342,000
-
-%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.61
1,793,510
24,349,900
0.20%
2023-03-17
American Portfolios Advisors
reduced
-0.55
-25,732
564,065
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
21.59
163,573
634,573
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-19.37
-4,632,240
38,962,800
0.04%
2023-03-08
Capital Asset Advisory Services LLC
added
7.45
242,267
1,460,270
0.12%
2023-03-06
Rockefeller Capital Management L.P.
added
3.82
1,210,000
9,237,000
0.05%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
unchanged
-
48,742
500,742
0.03%
2023-03-03
TIAA, FSB
added
0.82
966,651
9,182,650
0.04%

1–10 of 48

Latest Funds Activity

Are funds buying MMC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MMC
No. of Funds

Marsh & McLennan Companies News

The News Heater

The -13.88% Decline of Marsh & McLennan Companies Inc.'s (MMC ....

The News Heater,
2 days ago

Schedule 13G FIlings of Marsh & McLennan Companies

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

MMC Fair Value

Marsh & McLennan Companies fair value in different scenarios

The table shows the Fair Value estimates for Marsh & McLennan Companies for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

87.42

-47.51%

108.21

-35.03%

143.28

-13.97%

188.61

13.25%

225.88

35.62%
Current Inflation

79.58

-52.22%

97.08

-41.71%

126.10

-24.29%

163.72

-1.70%

194.51

16.79%
Very High Inflation

69.97

-57.99%

83.72

-49.73%

105.99

-36.36%

135.08

-18.90%

158.73

-4.70%

Historical Marsh & McLennan Companies Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Marsh & McLennan Companies

View All Filings
Date Filed Form Type Document
Mar 29, 2023
8-K
Current Report
Mar 09, 2023
8-K
Current Report
Mar 08, 2023
424B2
Prospectus Filed
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 06, 2023
424B2
Prospectus Filed
Mar 06, 2023
FWP
Prospectus Filed
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for MMC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Klisura Dean Michael
sold
-518,791
165
-3,140
president & ceo, guy carpenter
2023-03-03
Mills Stacy
sold
-207,235
162
-1,276
vice president and controller
2023-03-03
MCGIVNEY MARK C
sold
-1,872,750
162
-11,531
chief financial officer
2023-03-03
Beswick Paul
gifted
-
-
-1,250
svp, chief information officer
2023-02-28
Ferland Martine
sold (taxes)
-1,515,130
162
-9,305
president and ceo, mercer
2023-02-28
Beswick Paul
acquired
-
-
4,208
svp, chief information officer
2023-02-28
Studer Nicholas Mark
acquired
-
-
3,008
president and ceo of owg
2023-02-28
South Martin
sold (taxes)
-645,947
162
-3,967
president & ceo, marsh
2023-02-28
Doyle John Q
acquired
-
-
26,922
president and ceo
2023-02-28
Brennan Katherine
acquired
-
-
3,568
svp and general counsel

1–10 of 50

Daniel S. Glaser
65535
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.

MMC Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue$ 4,770$ 4,583$ 15,698$ 14,683
Expense:    
Compensation and benefits2,9232,8539,0338,520
Other operating expenses1,0569903,0652,837
Operating expenses3,9793,84312,09811,357
Operating income7917403,6003,326
Other net benefit credits5769178211
Interest income4162
Interest expense(118)(107)(342)(335)
Investment (loss) income(1)132743
Income before income taxes7337163,4693,247
Income tax expense181174853880
Net income before non-controlling interests5525422,6162,367
Less: Net income attributable to non-controlling interests653227
Net income attributable to the Company$ 546$ 537$ 2,584$ 2,340
Net income per share attributable to the Company:    
Basic (usd per share)$ 1.10$ 1.06$ 5.16$ 4.61
Diluted (usd per share)$ 1.08$ 1.05$ 5.11$ 4.56
Average number of shares outstanding:    
Basic (in shares)498506501508
Diluted (in shares)503513506513
Shares outstanding (in shares)497505497505

MMC Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 802$ 1,752
Receivables  
Commissions and fees5,3125,093
Advanced premiums and claims144136
Other527523
Gross receivables5,9835,752
Less-allowance for credit losses(164)(166)
Net receivables5,8195,586
Other current assets953926
Total current assets7,5748,264
Goodwill15,57616,317
Other intangible assets2,4032,810
Fixed assets (net of accumulated depreciation and amortization of $1,650 at September 30, 2022 and $1,589 at December 31, 2021)865847
Pension related assets2,0742,270
Right of use assets1,6151,868
Deferred tax assets533551
Other assets1,3831,461
Total assets32,02334,388
Current liabilities:  
Short-term debt96717
Accounts payable and accrued liabilities2,9033,165
Accrued compensation and employee benefits2,3962,942
Current lease liabilities298332
Accrued income taxes432198
Dividends payable2960
Total current liabilities7,2926,654
Fiduciary liabilities10,6089,622
Less – cash and cash equivalents held in a fiduciary capacity(10,608)(9,622)
Net fiduciary liabilities00
Long-term debt10,39910,933
Pension, post-retirement and post-employment benefits1,3091,632
Long-term lease liabilities1,6201,880
Liabilities for errors and omissions331355
Other liabilities1,2811,712
Commitments and contingencies00
Equity:  
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued00
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at September 30, 2022 and December 31, 2021561561
Additional paid-in capital1,1111,112
Retained earnings19,83718,389
Accumulated other comprehensive loss(6,048)(4,575)
Non-controlling interests226213
Stockholders' equity before treasury stock15,68715,700
Less – treasury shares, at cost, 64,102,660 shares at September 30, 2022 and 57,105,619 shares at December 31, 2021(5,896)(4,478)
Total equity9,79111,222
Total liabilities and stockholders' equity$ 32,023$ 34,388