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Marsh & McLennan Cos. (MMC)

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
Subsidiaries
8WORKS INC. • 8WORKS LTD • A.C.N. 000 951 146 Pty Limited • A.C.N. 001 572 961 Pty Limited • A.C.N. 076 935 683 Pty Limited • A.C.N. 102 322 574 Pty Limited • Access Equity Enhanced Fund GP, LLC • ACN 005 279 890 Pty Ltd • ACN 134 828 738 Pty Ltd • AFCO Premium Acceptance, Inc. ...
IRS number
362668272

MMC stock data

Calendar

21 Jul 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Hopkins Deborah C Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Acquire A No No 159.685 1,189.84 190K 15,872.39
1 Jun 22 Yates Lloyd M Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Acquire A No No 159.685 1,189.84 190K 4,291.12
1 Jun 22 Ingram Tamara Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Acquire A No No 159.685 1,189.84 190K 4,291.12
1 Jun 22 R David Yost Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Acquire A No No 159.685 1,189.84 190K 37,850.28
1 Jun 22 Schapiro Morton O Restricted Stk. Units-Dir. Stk. Plan Common Stock Grant Acquire A No No 159.685 1,189.84 190K 77,511.15
87.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1116 1142 -2.3%
Opened positions 94 169 -44.4%
Closed positions 120 78 +53.8%
Increased positions 428 428
Reduced positions 376 348 +8.0%
13F shares Current Prev Q Change
Total value 74.3B 77.29B -3.9%
Total shares 436.56M 445.17M -1.9%
Total puts 510.9K 632.7K -19.3%
Total calls 523K 1.05M -50.1%
Total put/call ratio 1.0 0.6 +61.9%
Largest owners Shares Value Change
Vanguard 42.75M $7.29B +1.5%
BLK Blackrock 42.02M $7.16B -2.6%
STT State Street 23.9M $4.07B -0.5%
Capital International Investors 20.62M $3.51B +0.1%
TROW T. Rowe Price 18.37M $3.13B -26.5%
FMR 17.44M $2.97B +26.9%
Capital World Investors 17.2M $2.93B -0.8%
Wellington Management 16.42M $2.8B -0.7%
Massachusetts Financial Services 13.6M $2.32B -0.2%
Geode Capital Management 8.87M $1.51B +4.0%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 18.37M -6.63M -26.5%
FMR 17.44M +3.7M +26.9%
Norges Bank 0 -2.02M EXIT
Arrowstreet Capital, Limited Partnership 966.49K -1.94M -66.8%
Canada Pension Plan Investment Board 899.2K -1.63M -64.5%
Capital Research Global Investors 1.83M +1.41M +331.5%
Ubs Global Asset Management Americas 4.51M -1.19M -20.9%
BLK Blackrock 42.02M -1.12M -2.6%
Viking Global Investors 2.25M +989.07K +78.4%
Amundi 1.97M -915.73K -31.7%

Financial report summary

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Risks
  • Item 1A. Risk Factors.
  • RISKS RELATING TO THE COMPANY GENERALLY
  • 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.
  • 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 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, or our efforts to attract and retain talent, could have a material adverse effect on our business.
  • Failure to maintain our corporate culture, particularly in a hybrid work environment, 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.
  • The COVID-19 pandemic has impacted how we work, and the extent to which it will continue to do so and its impact on our future financial results are uncertain.
  • Our results of operations and investments could be adversely affected by macroeconomic conditions, political events and market conditions.
  • 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.
  • 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
  • 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 market fluctuations, third-party asset managers, operational and technology risks, 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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Removed: amended, cooperating, expiration, finalize, multicurrency, provisional, reduction, restated, technique, terminated