Skip to Content
Morningstar
Get 14 Days Free

Marsh & McLennan Companies Inc MMC

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Marsh & McLennan Bounces Back in Q1

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Marsh & McLennan posted a strong first quarter, and we think the company will have some tailwinds at its back this year, as the impact of the pandemic recedes and the company benefits from a harder insurance market. That said, we continue to expect only modest growth longer-term for the narrow-moat company, and we will maintain our $108 fair value estimate.

Read Full Analysis

Company Profile

Business Description

Marsh & McLennan is a professional-services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy).

Contact
1166 Avenue of the Americas
New York, NY, 10036-2774
T +1 212 345-5000
Sector Financial Services
Industry Insurance Brokers
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 44,100

Related

Our Picks
3 Warren Buffett Stocks to Buy
These undervalued stocks are among the top holdings in Berkshire Hathaway today.
Susan Dziubinski
Commentary
The Week Ahead: Macy's, Airbnb, and Berkshire Hathaway to Report Earnings
Nvidia and Home Depot are among several big companies on our radar for the week ahead.
Carole Hodorowicz
Fund Times
The Allocation Fund Investors Wish They Owned
Morningstar's 2017 Allocation Fund Manager of the Year David Giroux has amassed a tremendous record at the closed, Gold-rated T. Rowe Price Capital Appreciation.
Leo Acheson
Stock Strategist
Rebuilding a Better AIG
The new CEO's background inspires confidence that he can fix issues.
Brett Horn
Fund Spy
8 Top Fund Portfolios in Pictures
Take a look at the buys and sells of some top funds across the Morningstar Style Box.
Russel Kinnel
Stock Strategist Industry Reports
Insurance Brokers Find Opportunity in ACA
The private exchange business could widen Aon's and Marsh's moats.
Vincent Lui
Stock Strategist Industry Reports
What the ACA Means for Insurance Brokers
Private exchanges could offer growth catalysts but face challenges, writes Morningstar's Vincent Lui in Part 1 of a series.
Vincent Lui
Investing Specialists
10 High-Conviction Purchases by Our Ultimate Stock-Pickers
Our top managers continue to put money into wide-moat firms.
The Morningstar Ultimate Stock-Pickers Team
Fund Spy: Morningstar Medalist Edition
Announcing the Morningstar Fund Managers of the Year for 2013
Remarkable performances amid a remarkable year.
Michael Herbst
US Videos
Outperforming in Up and Down Markets
Morningstar's 2013 International-Stock Fund Managers of the Year Dan O'Keefe and David Samra explain what powered their funds' peer-beating returns in both 2008 and 2013.
Greg Carlson
Stock Strategist
Marsh's Moat Based on Scale Advantages, Sticky Client Base
The ACA creates opportunities for insurance brokers, with firms like Marsh positioned to benefit the most.
Vincent Lui
Investing Specialists
10 High-Conviction Purchases by Our Ultimate Stock-Pickers
Our top managers continue to find attractive buying opportunities in wide-moat firms.
The Morningstar Ultimate Stock-Pickers Team
US Videos
Giroux: Finding Some Value in Dividend Names
As rates have risen, some higher-yielding stocks within consumer staples, such as Nestle, and within utilities have begun to look more attractive, says 2012 Morningstar Allocation Fund Manager of the Year David Giroux.
Greg Carlson
Investing Specialists
Should You Consider Selling These Ultimate Stock-Picker Stocks?
Outright sales by several of our Ultimate Stock-Pickers provide us with additional insight into their sell disciplines; selling activity is centered more on position trimming than eliminations.
The Morningstar Ultimate Stock-Pickers Team
US Videos
O'Keefe: Look for Financials with Fee Income
Artisan's Dan O'Keefe will buy banks at the right price, but he prefers financial firms that produce a steady stream of fee income.
Greg Carlson
US Videos
De Vaulx: We've Found Bargains in the U.S.
The IVA manager discusses recent picks in high yield, the U.S. market, a Japanese pharma company, and short-dated Asian currency bonds.
Bridget B. Hughes
Stock Strategist Industry Reports
Insurance Brokers Navigating Difficult Markets
Insurance broker valuations look attractive amid persistent market headwinds.
Bill Bergman
US Videos
Two New Wide Moat Firms, Two Downgrades
Morningstar's Pat Dorsey outlines recent changes to our wide moat stock list. See who made the cut and who dropped off.
Pat Dorsey
Fund Spy
Reviving a Struggling Fund Firm Is No Easy Task
Encouraging signs are mixed with question marks in the effort to jolt Putnam back to life.
Jonathan Rahbar
Stock Strategist Industry Reports
Blue Skies Breaking for Insurance Brokers
Better days lie ahead for insurance brokerage firms.
Bill Bergman