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Marsh & McLennan Companies Inc MMC

Morningstar Rating
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Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Marsh & McLennan Shows Its Resilience in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Overall, we think Marsh & McLennan’s third-quarter results highlights the resilience of the business model. While the top line declined slightly on an organic basis, the company was able to improve margins and earnings year over year. We will maintain our $101 fair value estimate and narrow moat rating.

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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 Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 76,000

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