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Marsh & McLennan Companies Inc MMC

Rating as of

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 Sees Strong Rebound in Second Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Marsh & McLennan reported unusually strong growth in the second quarter, benefiting from both strong insurance market pricing and the bounceback in the economy. We think near-term tailwinds and easy comparisons will drive outsize growth for the company this year. But we’d caution that modest and stable organic growth has been the norm historically and is our expectation over the long term. We will maintain our $112 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 Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 44,100

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