Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
41.09 (1y: +29%)
Market Cap 22.49 B P/E(ttm) 18.40
Enterprise Value 23.94 B P/B 3.44
MMC- NYSE (USA)
Marsh & McLennan Companies, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$41.09
Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.789
MMC's Cash to Debt is ranked lower than
70% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2100.97 vs. MMC: 0.789 )
MMC' s 10-Year Cash to Debt Range
Min: 0.09   Max: 0.79
Current: 0.79
0.09
0.79
Equity to Asset -0.044
MMC's Equity to Asset is ranked lower than
90% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.24 vs. MMC: -0.044 )
MMC' s 10-Year Equity to Asset Range
Min: -0.17   Max: 0
Current: -0.04
-0.17
0
Interest Coverage 11.6
MMC's Interest Coverage is ranked lower than
80% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 10000.00 vs. MMC: 11.6 )
MMC' s 10-Year Interest Coverage Range
Min: 2   Max: 16
Current: 11.6
2
16
F-Score: 6
Z-Score: 3.6
M-Score: -2.37
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 15.30
MMC's Operating margin (%) is ranked higher than
51% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 16.70 vs. MMC: 15.30 )
MMC' s 10-Year Operating margin (%) Range
Min: 2.3   Max: 21.8
Current: 15.3
2.3
21.8
Net-margin (%) 9.9
MMC's Net-margin (%) is ranked higher than
52% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9.55 vs. MMC: 9.9 )
MMC' s 10-Year Net-margin (%) Range
Min: -0.6   Max: 21.8
Current: 9.9
-0.6
21.8
ROE (%) 18
MMC's ROE (%) is ranked higher than
86% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 4.60 vs. MMC: 18 )
MMC' s 10-Year ROE (%) Range
Min: -1.3   Max: 31.6
Current: 18
-1.3
31.6
ROA (%) 7.2
MMC's ROA (%) is ranked higher than
89% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.20 vs. MMC: 7.2 )
MMC' s 10-Year ROA (%) Range
Min: -0.5   Max: 14.3
Current: 7.2
-0.5
14.3
ROC (Joel Greenblatt) (%) 156.70
MMC's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 63.60 vs. MMC: 156.70 )
MMC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 24.1   Max: 416.6
Current: 156.7
24.1
416.6
Revenue Growth (%) 1.9
MMC's Revenue Growth (%) is ranked higher than
70% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.90 vs. MMC: 1.9 )
MMC' s 10-Year Revenue Growth (%) Range
Min: -2.2   Max: 6.9
Current: 1.9
-2.2
6.9
EBITDA Growth (%) 24
MMC's EBITDA Growth (%) is ranked higher than
98% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: -1.85 vs. MMC: 24 )
MMC' s 10-Year EBITDA Growth (%) Range
Min: -16.8   Max: 28.8
Current: 24
-16.8
28.8
EPS Growth (%) 50.1
MMC's EPS Growth (%) is ranked lower than
71% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: -2.95 vs. MMC: 50.1 )
MMC' s 10-Year EPS Growth (%) Range
Min: -33.6   Max: 92.5
Current: 50.1
-33.6
92.5
» MMC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

MMC Guru Trades in Q2 2012

Jeremy Grantham 109,200 sh (New)
Ray Dalio 124,049 sh (New)
Jim Simons 1,049,704 sh (+9802.87%)
Paul Tudor Jones 18,600 sh (+177.61%)
Manning & Napier Advisors, Inc 73,680 sh (+72.65%)
Mario Gabelli 25,000 sh (+56.25%)
Andreas Halvorsen 6,036,559 sh (+48.14%)
Joel Greenblatt 20,931 sh (+25.54%)
Murray Stahl 7,018 sh (unchged)
Brian Rogers 7,622,600 sh (unchged)
Steven Cohen Sold Out
Jeff Auxier 153,421 sh (-0.42%)
Arnold Van Den Berg 368,716 sh (-1.03%)
Chuck Royce 104,900 sh (-1.78%)
PRIMECAP Management 33,594,797 sh (-6.89%)
Charles de Vaulx 817,241 sh (-36.97%)
Charles Brandes 2,177,016 sh (-45.91%)
» More
Q3 2012

MMC Guru Trades in Q3 2012

Steven Cohen 11,274 sh (New)
Meridian Funds 12,200 sh (New)
David Swensen 6,100 sh (New)
Manning & Napier Advisors, Inc 79,344 sh (+7.69%)
Jeremy Grantham 110,002 sh (+0.73%)
Chuck Royce 104,900 sh (unchged)
Mario Gabelli 25,000 sh (unchged)
Brian Rogers 7,622,600 sh (unchged)
Joel Greenblatt Sold Out
Jim Simons Sold Out
Ray Dalio Sold Out
Murray Stahl Sold Out
Paul Tudor Jones Sold Out
PRIMECAP Management 33,074,188 sh (-1.55%)
Charles de Vaulx 801,827 sh (-1.89%)
Arnold Van Den Berg 360,471 sh (-2.24%)
Jeff Auxier 149,421 sh (-2.61%)
Andreas Halvorsen 3,233,059 sh (-46.44%)
Charles Brandes 200,582 sh (-90.79%)
» More
Q4 2012

MMC Guru Trades in Q4 2012

Jim Simons 140,300 sh (New)
Joel Greenblatt 22,197 sh (New)
Ray Dalio 59,146 sh (New)
Louis Moore Bacon 60,000 sh (New)
Steven Cohen 40,696 sh (+260.97%)
Manning & Napier Advisors, Inc 79,610 sh (+0.34%)
Brian Rogers 7,622,600 sh (unchged)
Mario Gabelli 25,000 sh (unchged)
Jeremy Grantham 132,600 sh (unchged)
Meridian Funds 12,200 sh (unchged)
David Swensen Sold Out
Chuck Royce 104,400 sh (-0.48%)
Charles de Vaulx 797,422 sh (-0.55%)
Jeff Auxier 147,321 sh (-1.41%)
Arnold Van Den Berg 349,199 sh (-3.13%)
PRIMECAP Management 31,612,388 sh (-4.42%)
Charles Brandes 188,550 sh (-6%)
Andreas Halvorsen 1,564,159 sh (-51.62%)
» More
Q1 2013

MMC Guru Trades in Q1 2013

Jim Simons 1,884,000 sh (+1242.84%)
Steven Cohen 176,755 sh (+334.33%)
Jeremy Grantham 140,827 sh (+6.2%)
Manning & Napier Advisors, Inc 82,121 sh (+3.15%)
Charles Brandes 189,198 sh (+0.34%)
Brian Rogers 7,622,600 sh (unchged)
Meridian Funds 12,200 sh (unchged)
Mario Gabelli 25,000 sh (unchged)
Louis Moore Bacon Sold Out
Andreas Halvorsen Sold Out
Joel Greenblatt Sold Out
Chuck Royce 103,300 sh (-1.05%)
Arnold Van Den Berg 343,579 sh (-1.61%)
Jeff Auxier 141,471 sh (-3.97%)
PRIMECAP Management 30,279,913 sh (-4.22%)
Ray Dalio 54,746 sh (-7.44%)
» More
» Details

Insider Trades

Latest Guru Trades with MMC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Andreas Halvorsen 2013-03-31 Sold Out 0.37%$34.47 - $37.97 $ 41.0914%0
Joel Greenblatt 2013-03-31 Sold Out 0.04%$34.47 - $37.97 $ 41.0914%0
David Swensen 2012-12-31 Sold Out 0.95%$33.19 - $35.78 $ 41.0919%0
Andreas Halvorsen 2012-12-31 Reduce -51.62%0.4%$33.19 - $35.78 $ 41.0919%1564159
Joel Greenblatt 2012-12-31 New Buy0.04%$33.19 - $35.78 $ 41.0919%22197
Ray Dalio 2012-12-31 New Buy0.02%$33.19 - $35.78 $ 41.0919%59146
David Swensen 2012-09-30 New Buy0.95%$31.66 - $34.91 $ 41.0923%6100
Andreas Halvorsen 2012-09-30 Reduce -46.44%0.74%$31.66 - $34.91 $ 41.0923%3233059
Charles Brandes 2012-09-30 Reduce -90.79%0.65%$31.66 - $34.91 $ 41.0923%200582
Ray Dalio 2012-09-30 Sold Out 0.06%$31.66 - $34.91 $ 41.0923%0
Joel Greenblatt 2012-09-30 Sold Out 0.05%$31.66 - $34.91 $ 41.0923%0
Meridian Funds 2012-09-30 New Buy0.02%$31.66 - $34.91 $ 41.0923%12200
Charles Brandes 2012-06-30 Reduce -45.91%0.55%$30.89 - $34.21 $ 41.0927%2177016
Andreas Halvorsen 2012-06-30 Add 48.14%0.52%$30.89 - $34.21 $ 41.0927%6036559
Ray Dalio 2012-06-30 New Buy0.06%$30.89 - $34.21 $ 41.0927%124049
Joel Greenblatt 2012-06-30 Add 25.54%0.01%$30.89 - $34.21 $ 41.0927%20931
Mario Gabelli 2012-06-30 Add 56.25%$30.89 - $34.21 $ 41.0927%25000
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Marsh & McLennan Companies, Inc.

Weekly CEO Sells Highlight: Management Consulting Group Plc, Crown Holdings Inc., JDA Software Group Inc., Cincinnati Bell Inc.
November 19, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Management Consulting Group Plc, Crown Holdings Inc., JDA Software Group Inc.and Cincinnati Bell Inc. Read more...
Weekly CEO Sells Highlight: MMC, TRLA, RTN, IDN
October 1, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Marsh & McLennan Companies Inc., Trulia Inc., Raytheon Company and Intellicheck Mobilisa Inc. Read more...
52-Week High Companies: HD, MMC, MMM, MYL, PFE
September 3, 2012
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs: The Home Depot, Inc. (HD), Marsh & McLennan Companies, Inc. (MMC), 3M Co (MMM), Mylan Inc. (MYL), and Pfizer Inc. (PFE). Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 18.40
MMC's P/E(ttm) is ranked higher than
69% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 18.27 vs. MMC: 18.40 )
MMC' s 10-Year P/E(ttm) Range
Min: 5.08   Max: 238.1
Current: 18.4
5.08
238.1
P/B 3.44
MMC's P/B is ranked lower than
73% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.30 vs. MMC: 3.44 )
MMC' s 10-Year P/B Range
Min: 1.61   Max: 7.59
Current: 3.44
1.61
7.59
P/S 1.90
MMC's P/S is ranked higher than
61% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.10 vs. MMC: 1.90 )
MMC' s 10-Year P/S Range
Min: 0.8   Max: 3.7
Current: 1.9
0.8
3.7
PFCF 25.68
MMC's PFCF is ranked lower than
63% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 8.17 vs. MMC: 25.68 )
MMC' s 10-Year PFCF Range
Min: 9.19   Max: 472.29
Current: 25.68
9.19
472.29
EV-to-EBIT 12.54
MMC's EV-to-EBIT is ranked higher than
68% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 14.81 vs. MMC: 12.54 )
MMC' s 10-Year EV-to-EBIT Range
Min: 8.8   Max: 145.4
Current: 12.54
8.8
145.4
PEG 0.53
MMC's PEG is ranked lower than
68% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.80 vs. MMC: 0.53 )
MMC' s 10-Year PEG Range
Min: 0.6   Max: 7936.67
Current: 0.53
0.6
7936.67
Shiller P/E 21.73
MMC's Shiller P/E is ranked higher than
93% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9.40 vs. MMC: 21.73 )
MMC' s 10-Year Shiller P/E Range
Min: 10.02   Max: 22.77
Current: 21.73
10.02
22.77

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.24
MMC's Dividend Yield is ranked higher than
71% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.06 vs. MMC: 2.24 )
MMC' s 10-Year Dividend Yield Range
Min: 1.43   Max: 4.76
Current: 2.24
1.43
4.76
Dividend Payout 0.5
MMC's Dividend Payout is ranked higher than
82% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.68 vs. MMC: 0.5 )
MMC' s 10-Year Dividend Payout Range
Min: 0.17   Max: 3.01
Current: 0.5
0.17
3.01
Dividend growth (3y) 3
MMC's Dividend growth (3y) is ranked higher than
91% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: -5.90 vs. MMC: 3 )
MMC' s 10-Year Dividend growth (3y) Range
Min: -19.4   Max: 11.9
Current: 3
-19.4
11.9
Yield on cost (5-Year) 2.68
MMC's Yield on cost (5-Year) is ranked higher than
72% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.34 vs. MMC: 2.68 )
MMC' s 10-Year Yield on cost (5-Year) Range
Min: 1.67   Max: 5.54
Current: 2.68
1.67
5.54
Share Buyback Rate -1.3
MMC's Share Buyback Rate is ranked higher than
62% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: -0.40 vs. MMC: -1.3 )
MMC' s 10-Year Share Buyback Rate Range
Min: 1.7   Max: -1.8
Current: -1.3

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 9.8
MMC's Price/Net Current Asset Value is ranked higher than
81% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 6.50 vs. MMC: 9.8 )
MMC' s 10-Year Price/Net Current Asset Value Range
Min: 5.4   Max: 15.9
Current: 9.8
5.4
15.9
Price/DCF (Projected) 2
MMC's Price/DCF (Projected) is ranked higher than
98% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.80 vs. MMC: 2 )
MMC' s 10-Year Price/DCF (Projected) Range
Min: 1.1   Max: 2.1
Current: 2
1.1
2.1
Price/Median PS Value 1.3
MMC's Price/Median PS Value is ranked higher than
84% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.00 vs. MMC: 1.3 )
MMC' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 2.2
Current: 1.3
0.7
2.2
Price/Peter Lynch Fair Value 0.7
MMC's Price/Peter Lynch Fair Value is ranked lower than
67% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.40 vs. MMC: 0.7 )
MMC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 2
Current: 0.7
0.6
2
Earnings Yield (Greenblatt) 8.00
MMC's Earnings Yield (Greenblatt) is ranked lower than
78% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9.05 vs. MMC: 8.00 )
MMC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 11.4
Current: 8
0.7
11.4
Forward Rate of Return (Yacktman) 29.71
MMC's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 176 Companies
in the Global Insurance Brokers industry.

( Industry Median: 7.98 vs. MMC: 29.71 )
MMC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -18.7   Max: 30
Current: 29.71
-18.7
30

Business Description

Marsh & McLennan Companies, Inc., a professional services organization with origins dating from 1871 in the United States. It is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and consultants, including: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; Oliver Wyman Group, the management consultancy; and Kroll, the risk consulting firm. The Company conducts business through two operating segments: Risk and Insurance Services, which includes risk management activities risk advice, risk transfer and risk control and mitigation solutions as well as insurance and reinsurance broking and services. It conducts business in this segment through Marsh and Guy Carpenter; Consulting, which includes human resource consulting, and related outsourcing and investment services, and specialized management and economic consulting services. It conducts business in this segment through Mercer and Oliver Wyman Group. Its Clients include a majority of the companies in the Fortune 1000 and FTSE 100, as well as medium- and small-market organizations. Mercer operates in the following areas: Retirement, Risk & Finance Consulting, Health & Benefits, Other Consulting Lines, Outsourcing and Investment Consulting & Management. Oliver Wyman Group delivers advisory services to clients through three operating units: Oliver Wyman; Lippincott; and NERA Economic Consulting. Oliver Wyman is a global management consulting firm. Oliver Wyman's consultants specialize by industry and functional area, allowing clients to benefit from both deep sector knowledge and specialized expertise in strategy, operations, risk management, organizational transformation, and leadership development. Lippincott is a brand strategy and design consulting firm which advises corporations around the world in a variety of industries on corporate branding, identity and image. Risk Consulting and Technology segment conducts business through Kroll. Kroll is a risk intelligence company, which provides a range of consulting-based services and technology-enabled solutions to a global client base of law firms, financial institutions, corporations, non-profits, government agencies and individuals. The Company faces strong competition in all of its businesses from providers of similar products and services. The Company's activities are subject to licensing requirements and extensive regulation under United States federal and state laws, as well as laws of other countries in which its subsidiaries operate.
Company Website
SEC Reports
Industry: Insurance Brokers
Compare:BRO, AON, WSH, ERIE, NFP
Traded in other countries:MHM.UK
» More Articles for MMC

Headlines

Articles On GuruFocus.com
My 3 Favorite Safe Stocks from the Financial Sector Apr 10 2013 
Weekly CEO Sells Highlight: Management Consulting Group Plc, Crown Holdings Inc., JDA Software Group Nov 19 2012 
Erie Indemnity Co. Dividend Stock Analysis Oct 26 2012 
Weekly CEO Sells Highlight: MMC, TRLA, RTN, IDN Oct 01 2012 
MMC's Focus on Appearances Sep 12 2012 
52-Week High Companies: HD, MMC, MMM, MYL, PFE Sep 03 2012 
Clorox, Northrop Grumman, Tiffany, Safeway and Several Others Raise Dividends May 21 2012 
The Best Stocks With Dividend Growth From Last Week (May 14 – May 20, 2012) May 20 2012 
Erie Indemnity Co. (ERIE) Dividend Stock Analysis Apr 13 2012 
52-Week High Companies: PGR, EC, LOW, MMC, BAP Apr 02 2012 

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial