| Market cap | $87.03B |
|---|---|
| Enterprise value | $117.66B |
| Revenue | $23.285B |
|---|---|
| EBITDA | $6.214B |
| Income | $3.921B |
| Revenue Q/Q | 9.27% |
| Revenue Y/Y | 10.38% |
| P/E | 26.98 |
|---|---|
| Forward P/E | 25.74 |
| EV/Sales | 5.05 |
| EV/EBITDA | 18.93 |
| EV/EBIT | 20.35 |
| PEG | 3.33 |
| Price/Sales | 3.74 |
| P/FCF | 22.45 |
| Price/Book | 7.14 |
| Book/Share | 30.01 |
| Cash/Share | 34.84 |
| FCF yield | 4.45% |
| Volume | 1.260M / 1.491M |
|---|---|
| Relative vol. | 0.85 × |
| EPS | 7.94 |
|---|---|
| EPS Q/Q | 9.26% |
| Est. EPS Q/Q | 2.21% |
| Profit margin | 16.52% |
|---|---|
| Oper. margin | 23.54% |
| Gross margin | 100.00% |
| EBIT margin | 24.83% |
| EBITDA margin | 26.69% |
| Ret. on assets | 8.25% |
|---|---|
| Ret. on equity | 32.69% |
| ROIC | 13.71% |
| ROCE | 20.00% |
| Debt/Equity | 2.93 |
|---|---|
| Net debt/EBITDA | 1.05 |
| Current ratio | 1.14 |
| Quick ratio | 1.14 |
| Volatility | 1.20% |
|---|---|
| Beta | 0.36 |
| RSI | 61.86 |
|---|
| Insider ownership | 0.12% |
|---|---|
| Inst. ownership | 92.26% |
| Shares outst. | 492.724M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 0.89% |
| Short ratio | 2.56 |
| Dividend | $2.84 |
|---|---|
| Dividend yield | 1.33% |
| Payout ratio | 35.77% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 18 Jul 2024 |
Friday, 31 May 2024
|
|
| Marsh McLennan Agency Acquires Perkins Insurance Agencies | |
Thursday, 18 April 2024
|
|
| Marsh & McLennan's first-quarter profit beats on higher fiduciary interest income | |
Tuesday, 2 April 2024
|
|
| Marsh & McLennan Companies Inc's Dividend Analysis | |
Wednesday, 13 March 2024
|
|
| Marsh McLennan Declares Quarterly Cash Dividend | |
Tuesday, 12 March 2024
|
|
| Marsh & McLennan Companies Inc President & CEO Guy Carpenter Division Dean Klisura ... | |
Wednesday, 14 February 2024
|
|
| Marsh McLennan Announces Pricing of $1,000,000,000 Senior Notes Offering | |
Thursday, 1 February 2024
|
|
| 5 Insurance Brokers to Watch on Increased Business Activity | |
| MetLife Q4 Earnings Miss on High Costs & Weak EMEA Unit | |
Wednesday, 27 December 2023
|
|
| Brown & Brown Expands in Florida With Caton-Hosey Buyout | |
Tuesday, 19 December 2023
|
|
| Marsh & McLennan's Unit Divests Atlas to Stoch Analytics | |
Wednesday, 13 December 2023
|
|
| Marsh & McLennan Unit Boosts Aviation Business With SeaTec | |
Monday, 11 December 2023
|
|
| Brown & Brown Unit Expands in Automotive Aftermarket | |
Saturday, 9 December 2023
|
|
| 15 Best Business Insurance Companies Heading into 2024 | |
Wednesday, 6 December 2023
|
|
| Vanguard to Sell U.S. OCIO Business to Marsh McLennan Unit | |
Tuesday, 21 November 2023
|
|
| Marsh McLennan Develops New Generative AI Tool | |
Monday, 23 October 2023
|
|
| Intrepid Investors Look for Bargains in Ukraine—Bomb Shelter Required | |
Thursday, 19 October 2023
|
|
| Marsh & McLennan Companies Q3 2023 Earnings Call Transcript | |
| Marsh McLennan Reports Third Quarter 2023 Results | |
Monday, 25 September 2023
|
|
| New data reveals employers planning more modest compensation increases in 2024 due to easing labour pressures | |
Thursday, 14 September 2023
|
|
| Oliver Wyman Gathers Senior Healthcare Executives for Annual Health Innovation Summit | |
Thursday, 7 September 2023
|
|
| Marsh McLennan Announces Pricing of $1.6 Billion Senior Notes Offering | |
Sunday, 27 August 2023
|
|
| These 3 Stocks Are Safe Bets in the Event of a Market Crash | |
Sunday, 20 August 2023
|
|
| UPDATE 1-U.S. insurance broker Marsh to buy Australia's Honan | |
| Marsh to acquire Honan Insurance Group | |
Sunday, 13 August 2023
|
|
| OLIVER WYMAN STRENGTHENS INDONESIA CAPABILITIES WITH SENIOR APPOINTMENT | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Oscar Fanjul Director | Sale 13 Jun 2024 | $1,254,060 |
| Paul Beswick SVP and Chief Information Officer | Sale 17 May 2024 | $455,772 |
| Stacy Mills Vice President and Controller | Sale 14 Mar 2024 | $305,583 |
| Dean Michael Klisura President, CEO, and Guy Carpenter | Option 8 Mar 2024 | $2,050,269 |
| John Jude Jones Chief Marketing Officer | Sale 7 Mar 2024 | $306,523 |
| Martin South President, CEO, and Marsh | Option 6 Mar 2024 | $3,240,523 |
| Martine Ferland President, CEO, and Mercer | Sale 5 Mar 2024 | $1,840,479 |
| Paul Beswick SVP and Chief Information Officer | Sale 4 Mar 2024 | $873,673 |
| Dean Michael Klisura President, CEO, and Guy Carpenter | Sale 4 Mar 2024 | $509,203 |
| Mark C Mcgivney Chief Financial Officer | Sale 4 Mar 2024 | $2,508,670 |
| Dean Michael Klisura President, CEO, and Guy Carpenter | Option 28 Feb 2024 | $1,169,504 |
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Price target
Current $214.26
Average $121.50
Low $107
High $135
Dividends
| Ex-dividend date | N/A | Frequency | Irregular | Annual dividend | +15.56% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.33% | Growth period | 5 years |
| Last dividend date | Yield 3 years | 1.35% | Growth 3 years | +12.22% | |
| Last dividend | Yield 5 years | 1.36% | Growth 5 years | +10.47% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Daniel Glaser (59) President, Chief Executive Officer, and Director since 2013 | 59 | 2013 | $20,331,700 |
| John Doyle (56) Vice Chair, Marsh, McLennan, President, and Chief Executive Officer of Marsh since 2019 | 56 | 2019 | $7,890,430 |
| Daniel S. Glaser (61) Pres, CEO, and Director | 61 | $7,373,255 | |
| Dominic Burke (61) Vice Chairman of the Board, President, and Chief Executive Officer of Marsh since 2019 | 61 | 2019 | $6,935,940 |
| Martine Ferland (58) Vice Chair, Marsh, McLennan, President, and Chief Executive Officer of Mercer since 2019 | 58 | 2019 | $6,461,960 |
| Mark McGivney (52) Chief Financial Officer since 2016 | 52 | 2016 | $5,648,560 |
| Peter Beshar (58) Executive Vice President and General Counsel since 2005 | 58 | 2005 | $5,210,830 |
| Peter Hearn (64) Vice Chair, Marsh, McLennan, President, and Chief Executive Officer of Guy Carpenter | 64 | $5,071,740 | |
| John Quinlan Doyle (57) Group Pres, COO, and Vice Chairman | 57 | $4,883,195 | |
| Martine Ferland (59) Vice Chair | 59 | $3,028,728 | |
| Mark Christopher McGivney (53) Chief Financial Officer | 53 | $2,869,195 | |
| H. Edward Hanway (68) Independent Chairman of the Board since 2016 | 68 | 2016 | $495,000 |
| Bruce Nolop (69) Independent Director since 2008 | 69 | 2008 | $325,000 |
| Steven Mills (68) Independent Director since 2011 | 68 | 2011 | $320,000 |
| Morton Schapiro (66) Independent Director since 2002 | 66 | 2002 | $315,000 |
| Oscar Fanjul (70) Independent Director since 2001 | 70 | 2001 | $310,000 |
| Robert Yost (72) Independent Director since 2012 | 72 | 2012 | $302,500 |
| Lloyd Yates (59) Independent Director since 2011 | 59 | 2011 | $302,500 |
| Marc Oken (73) Independent Director since 2006 | 73 | 2006 | $295,000 |
| Deborah Hopkins (65) Independent Director since 2017 | 65 | 2017 | $295,000 |
| Anthony Anderson (64) Independent Director since 2016 | 64 | 2016 | $295,000 |
| Tamara Ingram (59) Independent Director since 2019 | 59 | 2019 | $39,130 |
| Sarah DeWitt | 2018 | ||
| Jane Lute (63) Independent Director since 2020 | 63 | 2020 | |
| Katherine Brennan | 2017 | ||
| E. Scott Gilbert (64) Senior Vice President and Chief Information Officer since 2015 | 64 | 2015 | |
| Laurie Ledford (62) Chief Human Resource Officer and Senior Vice President since 2012 | 62 | 2012 | |
| Scott McDonald (53) Vice Chair, Marsh, McLennan, President, and Chief Executive Officer of the Oliver Wyman Group since 2014 | 53 | 2014 | |
| Erick R. Gustafson | |||
| Peter J. Beshar (59) Exec. VP and Gen. Counsel | 59 | ||
| Sarah Dewitt | |||
| Paul Beswick (46) Sr. VP and Global Chief Information Officer | 46 | ||
| Stacy M. Mills (56) VP, Controller, and Chief Accounting Officer | 56 |
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.
- Finance > Insurance Brokers
- Marsh & McLennan Cos., Inc., 1166 Avenue of the Americas, New York 10036-2774, United States
- 212 345 5000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Irregular | Annual dividend | +15.56% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.33% | Growth period | 5 years |
| Last dividend date | Yield 3 years | 1.35% | Growth 3 years | +12.22% | |
| Last dividend | Yield 5 years | 1.36% | Growth 5 years | +10.47% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $12,910 | $14,152 | |||
| Short term investments | |||||
| Net receivables | $7,216 | $6,418 | |||
| Inventory | |||||
| Total current assets | $21,299 | $21,748 | |||
| Long term investments | |||||
| Property, plant & equipment | $2,371 | $2,423 | |||
| Goodwill & intangible assets | $19,945 | $19,861 | |||
| Total noncurrent assets | $26,273 | $26,282 | |||
| Total investments | |||||
| Total assets | $47,572 | $48,030 | |||
| Current liabilities | |||||
| Accounts payable | $3,379 | $3,403 | |||
| Deferred revenue | |||||
| Short long term debt | $1,479 | $1,931 | |||
| Total current liabilities | $18,660 | $19,795 | |||
| Long term debt | $13,900 | $13,505 | |||
| Total noncurrent liabilities | $16,290 | $15,865 | |||
| Total debt | $15,379 | $15,436 | |||
| Total liabilities | $34,950 | $35,660 | |||
| Stockholders' equity | |||||
| Retained earnings | $23,456 | $22,759 | |||
| Other stockholder equity | -$5,509 | -$5,295 | |||
| Total stockholder equity | $12,422 | $12,191 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $14,152 | $1,442 | ||
| Short term investments | ||||
| Net receivables | $6,418 | $5,852 | ||
| Inventory | ||||
| Total current assets | $21,748 | $8,299 | ||
| Long term investments | ||||
| Property, plant & equipment | $2,423 | $2,433 | ||
| Goodwill & intangible assets | $19,861 | $18,788 | ||
| Total noncurrent assets | $26,282 | $25,155 | ||
| Total investments | ||||
| Total assets | $48,030 | $33,454 | ||
| Current liabilities | ||||
| Accounts payable | $3,403 | $3,278 | ||
| Deferred revenue | ||||
| Short long term debt | $1,931 | $578 | ||
| Total current liabilities | $19,795 | $7,172 | ||
| Long term debt | $13,505 | $12,894 | ||
| Total noncurrent liabilities | $15,865 | $15,533 | ||
| Total debt | $15,436 | $13,472 | ||
| Total liabilities | $35,660 | $22,705 | ||
| Stockholders' equity | ||||
| Retained earnings | $22,759 | $20,301 | ||
| Other stockholder equity | -$5,295 | -$5,314 | ||
| Total stockholder equity | $12,191 | $10,520 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $6,473 | $5,554 | |||
| Cost of revenue | |||||
| Gross profit | $6,473 | $5,554 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $4,548 | $4,451 | |||
| Total operating expenses | $4,548 | $4,451 | |||
| Operating income | $1,925 | $1,103 | |||
| Income from continuing operations | |||||
| EBIT | $2,006 | $1,190 | |||
| Income tax expense | $447 | $283 | |||
| Interest expense | $159 | $151 | |||
| Net income | |||||
| Net income | $1,400 | $756 | |||
| Income (for common shares) | $1,400 | $756 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $22,736 | $20,720 | ||
| Cost of revenue | ||||
| Gross profit | $22,736 | $20,720 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $17,454 | $16,440 | ||
| Total operating expenses | $17,454 | $16,440 | ||
| Operating income | $5,282 | $4,280 | ||
| Income from continuing operations | ||||
| EBIT | $5,558 | $4,514 | ||
| Income tax expense | $1,224 | $995 | ||
| Interest expense | $578 | $469 | ||
| Net income | ||||
| Net income | $3,756 | $3,050 | ||
| Income (for common shares) | $3,756 | $3,050 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $1,400 | $756 | |||
| Operating activities | |||||
| Depreciation | $256 | $259 | |||
| Business acquisitions & disposals | -$275 | -$356 | |||
| Stock-based compensation | $103 | $90 | |||
| Total cash flows from operations | -$781 | $1,783 | |||
| Investing activities | |||||
| Capital expenditures | -$87 | -$120 | |||
| Investments | -$6 | $7 | |||
| Total cash flows from investing | -$368 | -$474 | |||
| Financing activities | |||||
| Dividends paid | -$354 | -$354 | |||
| Sale and purchase of stock | -$187 | -$216 | |||
| Net borrowings | $35 | -$255 | |||
| Total cash flows from financing | $135 | -$2,334 | |||
| Effect of exchange rate | -$228 | $448 | |||
| Change in cash and equivalents | -$1,242 | -$577 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $3,756 | $3,050 | ||
| Operating activities | ||||
| Depreciation | $1,001 | $1,123 | ||
| Business acquisitions & disposals | -$993 | -$453 | ||
| Stock-based compensation | $363 | $367 | ||
| Total cash flows from operations | $4,258 | $3,465 | ||
| Investing activities | ||||
| Capital expenditures | -$416 | -$470 | ||
| Investments | -$19 | $64 | ||
| Total cash flows from investing | -$1,417 | -$850 | ||
| Financing activities | ||||
| Dividends paid | -$1,298 | -$1,138 | ||
| Sale and purchase of stock | -$951 | -$1,824 | ||
| Net borrowings | $1,903 | $619 | ||
| Total cash flows from financing | -$1,119 | -$1,046 | ||
| Effect of exchange rate | $328 | -$841 | ||
| Change in cash and equivalents | $2,050 | $728 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Dnb Asset Management As |
+0.76%
|
107,223 | $22,594,031 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+28.36%
|
3,399 | $716,237 |
| 2024 Q2 | Kathmere Capital Management |
-14.38%
|
3,918 | $742,343 |
| 2024 Q2 | Marcum Wealth |
+36.54%
|
1,592 | $335,466 |
| 2024 Q2 | Appleton Partners Inc/ma |
-26.14%
|
975 | $205 |
| 2024 Q2 | Park Place Capital Corp |
-13.96%
|
1,405 | $296,062 |
| 2024 Q2 | Boltwood Capital Management |
-2.86%
|
5,337 | $1,124,613 |
| 2024 Q2 | Versant Capital Management, Inc |
+25.00%
|
480 | $101,146 |
| 2024 Q2 | Douglas Lane & Associates |
-1.31%
|
4,833 | $1,018,410 |
| 2024 Q2 | Quent Capital |
+8.76%
|
360 | $75,908 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 8.85% | 43,617,906 | |
| Blackrock | 8.52% | 41,958,346 | |
| State Street Corp | 4.26% | 20,968,401 | |
| Capital International Investors | 4.05% | 19,953,173 | |
| Fmr | 3.90% | 19,215,124 | |
| Capital World Investors | 3.49% | 17,220,597 | |
| Wellington Management Group LL.P. | 2.41% | 11,877,271 | |
| Massachusetts Financial Services Co MA/ | 2.29% | 11,264,852 | |
| Price T Rowe Associates Inc md/ | 2.16% | 10,624,073 | |
| Ameriprise Financial Inc | 1.61% | 7,948,623 |
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