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.
Company profile
Ticker
MMC
Exchange
Website
CEO
Daniel Glaser
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MARSH & MCLENNAN COMPANIES INC
SEC CIK
Corporate docs
Subsidiaries
Marsh & McLennan Companies, Inc. • Advance Asset Management Limited • AFCO Premium Credit LLC • Agnew Higgins Pickering & Co. (Bermuda) Ltd • Aldgate Trustees Ltd • Alpha Consultants Limited • Altius Associates GP Ltd • Altius Associates Special Partner GP Limited • Altius Client (GP) II LLC • Altius Client (GP) LLC ...
IRS number
362668272
MMC stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
17 May 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
10-Q
2024 Q1
Quarterly report
18 Apr 24
8-K
MARSH McLENNAN REPORTS FIRST QUARTER 2024 RESULTS
18 Apr 24
ARS
2023 FY
Annual report to shareholders
29 Mar 24
DEFA14A
Additional proxy soliciting materials
29 Mar 24
DEF 14A
Definitive proxy
29 Mar 24
8-K
Departure of Directors or Certain Officers
14 Mar 24
8-K
Departure of Directors or Certain Officers
23 Feb 24
8-K
1166 Avenue of the Americas
20 Feb 24
Transcripts
MMC
Earnings call transcript
2024 Q1
18 Apr 24
MMC
Earnings call transcript
2023 Q4
25 Jan 24
MMC
Earnings call transcript
2023 Q3
19 Oct 23
MMC
Earnings call transcript
2023 Q2
20 Jul 23
MMC
Earnings call transcript
2023 Q1
20 Apr 23
MMC
Earnings call transcript
2022 Q4
26 Jan 23
MMC
Earnings call transcript
2022 Q3
20 Oct 22
MMC
Earnings call transcript
2022 Q2
21 Jul 22
MMC
Earnings call transcript
2022 Q1
21 Apr 22
MMC
Earnings call transcript
2021 Q4
27 Jan 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 12.91 bn | 12.91 bn | 12.91 bn | 12.91 bn | 12.91 bn | 12.91 bn |
Cash burn (monthly) | 414.00 mm | (no burn) | (no burn) | (no burn) | 260.33 mm | (no burn) |
Cash used (since last report) | 855.28 mm | n/a | n/a | n/a | 537.82 mm | n/a |
Cash remaining | 12.05 bn | n/a | n/a | n/a | 12.37 bn | n/a |
Runway (months of cash) | 29.1 | n/a | n/a | n/a | 47.5 | n/a |
Institutional ownership, Q1 2024
85.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1365 |
Opened positions | 355 |
Closed positions | 120 |
Increased positions | 415 |
Reduced positions | 398 |
13F shares | Current |
---|---|
Total value | 79.15 tn |
Total shares | 421.16 mm |
Total puts | 647.84 k |
Total calls | 910.25 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 43.92 mm | $9.05 tn |
BLK Blackrock | 41.96 mm | $8.64 tn |
STT State Street | 20.97 mm | $4.32 tn |
Capital International Investors | 19.95 mm | $4.11 tn |
FMR | 19.22 mm | $3.96 tn |
Capital World Investors | 17.22 mm | $3.55 tn |
Wellington Management | 11.88 mm | $2.45 tn |
Massachusetts Financial Services | 11.26 mm | $2.32 tn |
T. Rowe Price | 10.62 mm | $2.19 bn |
Geode Capital Management | 10.61 mm | $2.18 tn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 May 24 | Paul Beswick | Common Stock | Sell | Dispose S | No | Yes | 210.13 | 2,169 | 455.77 k | 13,030 |
17 May 24 | Paul Beswick | Common Stock | Option exercise | Acquire M | No | Yes | 118.865 | 1,000 | 118.87 k | 15,199 |
17 May 24 | Paul Beswick | Stock Options Common Stock | Option exercise | Dispose M | No | Yes | 118.865 | 1,000 | 118.87 k | 5,892 |
15 May 24 | Schapiro Morton O | Restricted Stk. Units-Dir. Stk. Plan Common Stock | Other | Acquire J | No | No | 204.95 | 284.43 | 58.29 k | 82,582.72 |
15 May 24 | Schapiro Morton O | Restricted Stk. Units-Dir. Stk. Plan Common Stock | Grant | Acquire A | No | No | 204.95 | 195.17 | 40.00 k | 82,298.29 |
15 May 24 | Fanjul Oscar | Common Stock | Payment of exercise | Dispose F | No | No | 204.95 | 14.41 | 2.95 k | 58,502.636 |
15 May 24 | Fanjul Oscar | Common Stock | Grant | Acquire A | No | No | 204.95 | 170.77 | 35.00 k | 58,517.046 |
15 May 24 | Ingram Tamara | Restricted Stk. Units-Dir. Stk. Plan Common Stock | Other | Acquire J | No | No | 204.95 | 19.29 | 3.95 k | 5,587.11 |
15 May 24 | Hopkins Deborah C | Restricted Stk. Units-Dir. Stk. Plan Common Stock | Other | Acquire J | No | No | 204.95 | 60.4 | 12.38 k | 17,496.87 |
News
Marsh McLennan Agency Acquires Perkins Insurance Agencies; Terms Of The Acquisition Were Not Disclosed
31 May 24
Looking Into Marsh & McLennan's Recent Short Interest
23 May 24
B of A Securities Maintains Neutral on Marsh & McLennan, Raises Price Target to $233
22 May 24
Here's How Much You Would Have Made Owning Marsh & McLennan Stock In The Last 5 Years
14 May 24
Berkshire Hathaway's Ajit Jain Cautions On Cyber Insurance Amid Risks: 'Each Time You Write A Cyber Insurance Policy, You Are Losing Money'
4 May 24
Press releases
Cyber Security, the Economy, and Regulatory Compliance Top Concerns for Mid-Market Leaders: Marsh McLennan Agency Report
28 May 24
Generative AI Revolutionizes Summer Travel Planning, New Oliver Wyman Report Says
24 May 24
Leadership, benefits, and technology risks top of mind for risk and HR professionals surveyed by Mercer and Marsh
23 May 24
Marsh McLennan stockholders re-elect Board of Directors during 2024 meeting
16 May 24
Marsh McLennan launches AI-powered solution to transform supply chain risk management
2 May 24