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MMC Marsh & McLennan Cos.

Marsh McLennan is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 76,000 colleagues advise clients in 130 countries. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

Company profile

Ticker
MMC
Exchange
Website
CEO
Daniel Glaser
Employees
Incorporated
Location
Fiscal year end
Former names
MARSH & MCLENNAN COMPANIES INC
SEC CIK
IRS number
362668272

MMC stock data

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Calendar

22 Jul 21
28 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 888M 888M 888M 888M 888M 888M
Cash burn (monthly) 77.33M 68.58M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 73.03M 64.77M n/a n/a n/a n/a
Cash remaining 814.97M 823.23M n/a n/a n/a n/a
Runway (months of cash) 10.5 12.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Nicholas Mark Studer Restricted Stk. Units (SSIP) Common Stock Grant Aquire A No No 0 3,552 0 6,991
2 Jun 21 Scott McDonald Common Stock Sell Dispose S No No 138.969 55,115 7.66M 18,763.487
2 Jun 21 Scott McDonald Common Stock Option exercise Aquire M No No 0 55,115 0 73,878.485
2 Jun 21 Scott McDonald Common Stock Sell Dispose S No No 138.94 56,936 7.91M 18,763.487
2 Jun 21 Scott McDonald Common Stock Option exercise Aquire M No No 0 56,936 0 75,699.487
2 Jun 21 Scott McDonald Stock Options Common Stock Option exercise Dispose M No No 56.84 55,115 3.13M 0
2 Jun 21 Scott McDonald Stock Options Common Stock Option exercise Dispose M No No 48 56,936 2.73M 0
1 Jun 21 Schapiro Morton O Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Aquire A No No 138.115 1,375.67 190K 74,335.06
1 Jun 21 Anderson Anthony Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Aquire A No No 138.115 1,375.67 190K 10,468.33

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 947 950 -0.3%
Opened positions 89 107 -16.8%
Closed positions 92 72 +27.8%
Increased positions 363 356 +2.0%
Reduced positions 328 310 +5.8%
13F shares
Current Prev Q Change
Total value 54.12B 51.8B +4.5%
Total shares 444.5M 443.14M +0.3%
Total puts 291.32K 206.6K +41.0%
Total calls 327.91K 274.9K +19.3%
Total put/call ratio 0.9 0.8 +18.2%
Largest owners
Shares Value Change
Vanguard 41.61M $5.07B -1.0%
BLK Blackrock 40.89M $4.98B -0.9%
TROW T. Rowe Price 34.06M $4.15B +3.0%
STT State Street 23.18M $2.82B +3.8%
Capital International Investors 21.84M $2.66B +0.2%
Wellington Management 19.7M $2.4B +4.5%
Capital World Investors 16.42M $2B +0.1%
Massachusetts Financial Services 16.1M $1.96B -0.6%
FMR 9.96M $1.21B -20.0%
Geode Capital Management 8.49M $1.03B +1.5%
Largest transactions
Shares Bought/sold Change
FMR 9.96M -2.49M -20.0%
Norges Bank 0 -2.42M EXIT
SF Stifel Financial 1.95M +1.77M +984.7%
JHG Janus Henderson 898.6K -1.21M -57.3%
BRK.A Berkshire Hathaway 5.29M +1.02M +23.9%
TROW T. Rowe Price 34.06M +1M +3.0%
Boston Partners 0 -924.68K EXIT
STT State Street 23.18M +855.43K +3.8%
Wellington Management 19.7M +840.7K +4.5%
Renaissance Technologies 874.9K +789.6K +925.7%

Financial report summary

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Risks
  • RISKS RELATING TO THE COMPANY GENERALLY
  • The COVID-19 pandemic could have a material adverse effect on our business operations, results of operations, cash flows and financial position.
  • Our results of operations and investments could be adversely affected by macroeconomic conditions, political events and market conditions.
  • Our business performance and growth plans could be negatively affected if we are not able to develop and implement improvements in technology or respond effectively to the threat of digital disruption and other technological change.
  • We could incur significant liability or our reputation could be damaged if our information systems are breached or we otherwise fail to protect client or Company data or information systems.
  • The costs to comply with, or our failure to comply with, U.S. and foreign laws related to privacy, data security and data protection, such as the E.U. General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), could adversely affect our financial condition, operating results and our reputation.
  • We are subject to significant uninsured exposures arising from errors and omissions, breach of fiduciary duty and other claims.
  • We cannot guarantee that we are or will be in compliance with all current and potentially applicable U.S. federal and state or foreign laws and regulations, and actions by regulatory authorities or changes in legislation and regulation in the jurisdictions in which we operate could have a material adverse effect on our business.
  • Our business or reputation could be harmed by our reliance on third-party providers or introducers.
  • The loss of members of our senior management team or other key colleagues could have a material adverse effect on our business.
  • Failure to maintain our corporate culture could damage our reputation.
  • We face significant competitive pressures in each of our businesses, including from disintermediation, as our competitive landscape continues to evolve.
  • We rely on a large number of vendors and other third parties to perform key functions of our business operations and to provide services to our clients. These vendors and third parties may act in ways that could harm our business.
  • Our inability to successfully recover should we experience a disaster or other business continuity or data recovery problem could cause material financial loss, loss of human capital, regulatory actions, reputational harm or legal liability.
  • We face risks when we acquire businesses.
  • If we are unable to collect our receivables, our results of operations and cash flows could be adversely affected.
  • We may not be able to obtain sufficient financing on favorable terms.
  • Our defined benefit pension plan obligations could cause the Company's financial position, earnings and cash flows to fluctuate.
  • Our significant non-U.S. operations expose us to exchange rate fluctuations and various risks that could impact our business.
  • Our quarterly revenues and profitability may fluctuate significantly.
  • Credit rating downgrades would increase our financing costs and could subject us to operational risk.
  • We have significantly increased our debt as a result of the JLT acquisition, which could adversely affect our financial flexibility.
  • The current U.S. tax regime makes our results more difficult to predict.
  • We are exposed to multiple risks associated with the global nature of our operations.
  • RISKS RELATING TO OUR RISK AND INSURANCE SERVICES SEGMENT
  • Results in our Risk and Insurance Services segment may be adversely affected by a general decline in economic activity.
  • Volatility or declines in premiums and other market trends may significantly impede our ability to grow revenues and profitability.
  • Adverse legal developments and future regulations concerning how intermediaries are compensated by insurers or clients, as well as allegations of anti-competitive behavior or conflicts of interest more broadly, could have a material adverse effect on our business, results of operations and financial condition.
  • RISKS RELATING TO OUR CONSULTING SEGMENT
  • Mercer’s Investments business is subject to a number of risks, including risks related to third-party investment managers, operational risk, conflicts of interest, asset performance and regulatory compliance, that, if realized, could result in significant damage to our business.
  • Revenues for the services provided by our Consulting segment may decline for various reasons, including as a result of changes in economic conditions, the value of equity, debt and other asset classes, our clients’ or an industry's financial condition or government regulation or an accelerated trend away from actively managed investments to passively managed investments.
  • Factors affecting defined benefit pension plans and the services we provide relating to those plans could adversely affect Mercer.
  • The profitability of our Consulting segment may decline if we are unable to achieve or maintain adequate utilization and pricing rates for our consultants.
Content analysis
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New words: commonly, driven, led, left, NaN, phased, remeasurement, reopen, salary, small, solid, uneven, uptake, vaccination, vulnerable
Removed: flat, floating, issuance, primary, reducing, summarized, Unremitted