Market Summary
USD166.55+1.67
Market Closed1.01%
MMC Stock Price
MMC RSI Chart
MMC Valuation
MMC Price/Sales (Trailing)
MMC Profitability
MMC Fundamentals
MMC Revenue
MMC Earnings
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
MMC Investor Care
Peers (Alternatives to Marsh & McLennan Companies)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MMC | 82.4B | 20.7B | 1.69% | -3.02% | 27.03 | 3.98 | 4.54% | -2.96% |
AON | 66.5B | 12.5B | 2.94% | -3.56% | 25.68 | 5.33 | 2.35% | 106.29% |
AJG | 40.5B | 8.6B | 1.54% | 10.39% | 36.38 | 4.74 | 4.16% | 22.87% |
RE | 25.0B | 12.1B | -7.26% | 18.89% | 41.92 | 2.08 | 1.63% | -56.71% |
BRO | 16.3B | 3.6B | 0.98% | -21.72% | 24.21 | 4.55 | 17.11% | 14.43% |
AFG | 10.4B | 7.0B | -10.73% | -8.74% | 11.53 | 1.47 | 7.45% | -54.99% |
| MID-CAP | ||||||||
UNM | 7.9B | 12.0B | -12.44% | 27.16% | 5.99 | 0.66 | -0.19% | 59.45% |
AIZ | 6.3B | 10.2B | -6.86% | -33.63% | 22.93 | 0.62 | 0.05% | -79.62% |
GNW | 2.5B | 7.5B | -20.06% | 31.05% | 4.08 | 0.33 | -4.15% | -32.63% |
| SMALL-CAP | ||||||||
BRP | 1.5B | 980.7M | -12.98% | -8.99% | -34.91 | 1.49 | 72.88% | -36.30% |
GSHD | 1.1B | 209.4M | 9.02% | -40.85% | 1.9K | 5.21 | 38.38% | -89.54% |
EHTH | 256.0M | 405.4M | 26.22% | -25.44% | -2.88 | 0.63 | -24.68% | 15.00% |
HALL | 118.2M | 412.3M | -41.42% | 77.20% | -1.14 | 0.29 | 2.45% | -2848.83% |
KINS | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.6% | 20,720 | 20,835 | 20,648 | 20,286 | 19,820 |
| Operating Expenses | 1.2% | 16,440 | 16,249 | 16,113 | 15,887 | 15,508 |
| EBITDA | -5.7% | 4,932 | 5,231 | 5,208 | 5,120 | - |
| EBITDA Margin | -5.2% | 0.24* | 0.25* | 0.25* | 0.25* | - |
| Earnings Before Taxes | -7.9% | 4,082 | 4,430 | 4,413 | 4,310 | 4,208 |
| EBT Margin | -7.3% | 0.20* | 0.21* | 0.21* | 0.21* | - |
| Interest Expenses | 4.0% | 469 | 451 | 440 | 436 | 444 |
| Net Income | -9.9% | 3,050 | 3,387 | 3,378 | 3,231 | 3,143 |
| Net Income Margin | -9.4% | 0.15* | 0.16* | 0.16* | 0.16* | - |
| Free Cahsflow | 3.3% | 2,995 | 2,900 | 2,852 | 2,763 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 4.5% | 33,454 | 32,023 | 33,440 | 33,688 | 34,388 |
| Current Assets | 9.6% | 8,299 | 7,574 | 8,169 | 7,788 | 8,264 |
| Cash Equivalents | 79.8% | 1,442 | 802 | 909 | 772 | 1,752 |
| Net PPE | 0.7% | 871 | 865 | 863 | 865 | 847 |
| Goodwill | 4.3% | 16,251 | 15,576 | 15,963 | 16,254 | 16,317 |
| Current Liabilities | -1.6% | 7,172 | 7,292 | 7,016 | 6,587 | 6,654 |
| . Short Term Borrowings | 1476.5% | 268 | 17.00 | - | - | - |
| Long Term Debt | 2.7% | 11,227 | 10,933 | - | - | - |
| LT Debt, Non Current | -0.8% | 10,399 | 10,487 | 10,552 | 10,933 | - |
| Shareholder's Equity | 9.8% | 10,749 | 9,791 | 10,917 | 11,156 | 11,222 |
| Retained Earnings | 2.3% | 20,301 | 19,837 | 19,880 | 18,916 | 18,389 |
| Additional Paid-In Capital | 6.1% | 1,179 | 1,111 | 1,044 | 1,026 | 1,112 |
| Accumulated Depreciation | -1.4% | 1,650 | 1,673 | 1,679 | 1,589 | - |
| Shares Outstanding | -0.4% | 495 | 497 | 499 | 502 | 504 |
| Minority Interest | 1.3% | 229 | 226 | 224 | 219 | 213 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 1.8% | 3,465 | 3,405 | 3,346 | 3,222 | 3,516 |
| Share Based Compensation | -0.3% | 367 | 368 | 366 | 375 | 348 |
| Cashflow From Investing | 11.0% | -850 | -955 | -998 | -1,256 | -1,164 |
| Cashflow From Financing | 8.4% | -1,046 | -1,142 | -585 | -181 | -1,297 |
| Dividend Payments | 2.0% | 1,138 | 1,116 | 1,095 | 1,061 | 1,026 |
| Buy Backs | -3.7% | 1,950 | 2,025 | 1,825 | 1,547 | 1,159 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Marsh & McLennan Companies News
Schedule 13G FIlings of Marsh & McLennan Companies
| 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 |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-09-30Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 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 benefits | 2,923 | 2,853 | 9,033 | 8,520 |
| Other operating expenses | 1,056 | 990 | 3,065 | 2,837 |
| Operating expenses | 3,979 | 3,843 | 12,098 | 11,357 |
| Operating income | 791 | 740 | 3,600 | 3,326 |
| Other net benefit credits | 57 | 69 | 178 | 211 |
| Interest income | 4 | 1 | 6 | 2 |
| Interest expense | (118) | (107) | (342) | (335) |
| Investment (loss) income | (1) | 13 | 27 | 43 |
| Income before income taxes | 733 | 716 | 3,469 | 3,247 |
| Income tax expense | 181 | 174 | 853 | 880 |
| Net income before non-controlling interests | 552 | 542 | 2,616 | 2,367 |
| Less: Net income attributable to non-controlling interests | 6 | 5 | 32 | 27 |
| 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) | 498 | 506 | 501 | 508 |
| Diluted (in shares) | 503 | 513 | 506 | 513 |
| Shares outstanding (in shares) | 497 | 505 | 497 | 505 |
MMC Balance Sheet
2022-09-30Consolidated Balance Sheets - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 802 | $ 1,752 |
| Receivables | ||
| Commissions and fees | 5,312 | 5,093 |
| Advanced premiums and claims | 144 | 136 |
| Other | 527 | 523 |
| Gross receivables | 5,983 | 5,752 |
| Less-allowance for credit losses | (164) | (166) |
| Net receivables | 5,819 | 5,586 |
| Other current assets | 953 | 926 |
| Total current assets | 7,574 | 8,264 |
| Goodwill | 15,576 | 16,317 |
| Other intangible assets | 2,403 | 2,810 |
| Fixed assets (net of accumulated depreciation and amortization of $1,650 at September 30, 2022 and $1,589 at December 31, 2021) | 865 | 847 |
| Pension related assets | 2,074 | 2,270 |
| Right of use assets | 1,615 | 1,868 |
| Deferred tax assets | 533 | 551 |
| Other assets | 1,383 | 1,461 |
| Total assets | 32,023 | 34,388 |
| Current liabilities: | ||
| Short-term debt | 967 | 17 |
| Accounts payable and accrued liabilities | 2,903 | 3,165 |
| Accrued compensation and employee benefits | 2,396 | 2,942 |
| Current lease liabilities | 298 | 332 |
| Accrued income taxes | 432 | 198 |
| Dividends payable | 296 | 0 |
| Total current liabilities | 7,292 | 6,654 |
| Fiduciary liabilities | 10,608 | 9,622 |
| Less – cash and cash equivalents held in a fiduciary capacity | (10,608) | (9,622) |
| Net fiduciary liabilities | 0 | 0 |
| Long-term debt | 10,399 | 10,933 |
| Pension, post-retirement and post-employment benefits | 1,309 | 1,632 |
| Long-term lease liabilities | 1,620 | 1,880 |
| Liabilities for errors and omissions | 331 | 355 |
| Other liabilities | 1,281 | 1,712 |
| 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 September 30, 2022 and December 31, 2021 | 561 | 561 |
| Additional paid-in capital | 1,111 | 1,112 |
| Retained earnings | 19,837 | 18,389 |
| Accumulated other comprehensive loss | (6,048) | (4,575) |
| Non-controlling interests | 226 | 213 |
| Stockholders' equity before treasury stock | 15,687 | 15,700 |
| 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 equity | 9,791 | 11,222 |
| Total liabilities and stockholders' equity | $ 32,023 | $ 34,388 |