Last 7 days
4.4%
Last 30 days
1.7%
Last 90 days
-0.4%
Trailing 12 Months
-3.0%
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% |
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 |
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.
18.1%
17.3%
16.7%
24.3%
FIve years rolling returns for Marsh & McLennan Companies.
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% |
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 |
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% |
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 |
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 |
Consolidated 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 |
Consolidated 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 |