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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.45
MMC's Cash to Debt is ranked lower than
54% of the 358 Companies
in the Global Insurance Brokers industry.

( Industry Median: 4.48 vs. MMC: 0.45 )
MMC' s 10-Year Cash to Debt Range
Min: 0.09   Max: 0.79
Current: 0.45

0.09
0.79
Equity to Asset 0.49
MMC's Equity to Asset is ranked higher than
77% of the 400 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.27 vs. MMC: 0.49 )
MMC' s 10-Year Equity to Asset Range
Min: 0.27   Max: 0.49
Current: 0.49

0.27
0.49
Interest Coverage 12.44
MMC's Interest Coverage is ranked higher than
65% of the 325 Companies
in the Global Insurance Brokers industry.

( Industry Median: 13.78 vs. MMC: 12.44 )
MMC' s 10-Year Interest Coverage Range
Min: 1.78   Max: 14.21
Current: 12.44

1.78
14.21
F-Score: 6
Z-Score: 4.18
M-Score: -2.48
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 (%) 17.55
MMC's Operating margin (%) is ranked higher than
68% of the 411 Companies
in the Global Insurance Brokers industry.

( Industry Median: 17.93 vs. MMC: 17.55 )
MMC' s 10-Year Operating margin (%) Range
Min: 5.09   Max: 21.89
Current: 17.55

5.09
21.89
Net-margin (%) 11.34
MMC's Net-margin (%) is ranked higher than
64% of the 411 Companies
in the Global Insurance Brokers industry.

( Industry Median: 13.96 vs. MMC: 11.34 )
MMC' s 10-Year Net-margin (%) Range
Min: -0.68   Max: 22.14
Current: 11.34

-0.68
22.14
ROE (%) 18.71
MMC's ROE (%) is ranked higher than
91% of the 409 Companies
in the Global Insurance Brokers industry.

( Industry Median: 7.50 vs. MMC: 18.71 )
MMC' s 10-Year ROE (%) Range
Min: -1.08   Max: 36.29
Current: 18.71

-1.08
36.29
ROA (%) 8.52
MMC's ROA (%) is ranked higher than
90% of the 412 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.78 vs. MMC: 8.52 )
MMC' s 10-Year ROA (%) Range
Min: -0.45   Max: 13.95
Current: 8.52

-0.45
13.95
ROC (Joel Greenblatt) (%) 125.20
MMC's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 405 Companies
in the Global Insurance Brokers industry.

( Industry Median: 124.44 vs. MMC: 125.20 )
MMC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 43.6   Max: 185.09
Current: 125.2

43.6
185.09
Revenue Growth (%) 4.30
MMC's Revenue Growth (%) is ranked higher than
74% of the 353 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.00 vs. MMC: 4.30 )
MMC' s 10-Year Revenue Growth (%) Range
Min: -4.1   Max: 19
Current: 4.3

-4.1
19
EBITDA Growth (%) 21.50
MMC's EBITDA Growth (%) is ranked higher than
86% of the 293 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.40 vs. MMC: 21.50 )
MMC' s 10-Year EBITDA Growth (%) Range
Min: -24.2   Max: 32.7
Current: 21.5

-24.2
32.7
EPS Growth (%) 34.30
MMC's EPS Growth (%) is ranked higher than
90% of the 287 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.80 vs. MMC: 34.30 )
MMC' s 10-Year EPS Growth (%) Range
Min: -44.2   Max: 50.6
Current: 34.3

-44.2
50.6
» MMC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

MMC Guru Trades in Q3 2013

Chuck Royce 188,500 sh (+82.48%)
Charles Brandes 185,380 sh (+0.08%)
Charles de Vaulx 690,229 sh (unchged)
Brian Rogers 7,622,600 sh (unchged)
Manning & Napier Advisors, Inc 87,476 sh (-0.49%)
PRIMECAP Management 28,391,803 sh (-2.55%)
Jeff Auxier 131,971 sh (-6.72%)
Jeremy Grantham 130,700 sh (-8.22%)
Steven Cohen 261,539 sh (-67.37%)
Jim Simons 33,500 sh (-97%)
» More
Q4 2013

MMC Guru Trades in Q4 2013

Robert Olstein 70,000 sh (New)
Diamond Hill Capital 2,398,483 sh (New)
Jeremy Grantham 131,800 sh (+0.84%)
Charles Brandes 185,508 sh (+0.07%)
Charles de Vaulx 690,229 sh (unchged)
Brian Rogers 7,622,600 sh (unchged)
Jim Simons Sold Out
PRIMECAP Management 28,177,863 sh (-0.75%)
Jeff Auxier 129,721 sh (-1.7%)
Chuck Royce 179,300 sh (-4.88%)
Steven Cohen 215,987 sh (-17.42%)
Manning & Napier Advisors, Inc 56,009 sh (-35.97%)
» More
Q1 2014

MMC Guru Trades in Q1 2014

Tom Gayner 12,000 sh (New)
Ray Dalio 13,485 sh (New)
Chris Davis 563,600 sh (New)
Paul Tudor Jones 15,455 sh (New)
Joel Greenblatt 6,117 sh (New)
Robert Olstein 108,000 sh (+54.29%)
Diamond Hill Capital 2,543,122 sh (+6.03%)
Chuck Royce 181,300 sh (+1.12%)
Steven Cohen 217,288 sh (+0.6%)
Charles de Vaulx 690,229 sh (unchged)
Brian Rogers 7,622,600 sh (unchged)
Jeff Auxier 129,721 sh (unchged)
Manning & Napier Advisors, Inc 55,595 sh (-0.74%)
Charles Brandes 183,688 sh (-0.98%)
Jeremy Grantham 118,800 sh (-9.86%)
PRIMECAP Management 23,161,851 sh (-17.8%)
» More
Q2 2014

MMC Guru Trades in Q2 2014

Francisco Garcia Parames 225,026 sh (New)
Mario Gabelli 4,000 sh (New)
Tom Gayner 141,000 sh (+1075%)
Manning & Napier Advisors, Inc 67,114 sh (+20.72%)
Diamond Hill Capital 2,664,062 sh (+4.76%)
Charles de Vaulx 691,237 sh (+0.15%)
Brian Rogers 7,622,600 sh (unchged)
Robert Olstein 108,000 sh (unchged)
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Charles Brandes Sold Out
Joel Greenblatt Sold Out
Jeff Auxier 128,421 sh (-1%)
PRIMECAP Management 21,672,151 sh (-6.43%)
Chris Davis 525,970 sh (-6.68%)
Chuck Royce 167,600 sh (-7.56%)
Jeremy Grantham 109,200 sh (-8.08%)
» More
» Details

Insider Trades

Latest Guru Trades with MMC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Tom Gayner 2014-06-30 Add 1075%0.19%$47.06 - $52.15 $ 52.826%141000
Charles Brandes 2014-06-30 Sold Out 0.11%$47.06 - $52.15 $ 52.826%0
Ray Dalio 2014-06-30 Sold Out 0.01%$47.06 - $52.15 $ 52.826%0
Mario Gabelli 2014-06-30 New Buy$47.06 - $52.15 $ 52.826%4000
Joel Greenblatt 2014-06-30 Sold Out $47.06 - $52.15 $ 52.826%0
PRIMECAP Management 2014-03-31 Reduce -17.8%0.28%$44.4 - $50.14 $ 52.8210%23161851
Tom Gayner 2014-03-31 New Buy0.02%$44.4 - $50.14 $ 52.8210%12000
Ray Dalio 2014-03-31 New Buy0.01%$44.4 - $50.14 $ 52.8210%13485
Joel Greenblatt 2014-03-31 New Buy$44.4 - $50.14 $ 52.8210%6117
Arnold Van Den Berg 2013-06-30 Sold Out 1.28%$37 - $41.4 $ 52.8235%0
Ray Dalio 2013-06-30 Sold Out 0.02%$37 - $41.4 $ 52.8235%0
Mario Gabelli 2013-06-30 Sold Out 0.01%$37 - $41.4 $ 52.8235%0
Joel Greenblatt 2013-03-31 Sold Out 0.04%$34.47 - $37.97 $ 52.8246%0
Joel Greenblatt 2012-12-31 New Buy0.04%$33.19 - $35.78 $ 52.8253%22197
Ray Dalio 2012-12-31 New Buy0.02%$33.19 - $35.78 $ 52.8253%59146
Charles Brandes 2012-09-30 Reduce -90.79%0.65%$31.66 - $34.91 $ 52.8258%200582
Ray Dalio 2012-09-30 Sold Out 0.06%$31.66 - $34.91 $ 52.8258%0
Joel Greenblatt 2012-09-30 Sold Out 0.05%$31.66 - $34.91 $ 52.8258%0
Meridian Funds 2012-09-30 New Buy0.02%$31.66 - $34.91 $ 52.8258%12200
Charles Brandes 2012-06-30 Reduce -45.91%0.55%$30.89 - $34.21 $ 52.8264%2177016
Ray Dalio 2012-06-30 New Buy0.06%$30.89 - $34.21 $ 52.8264%124049
Joel Greenblatt 2012-06-30 Add 25.54%0.01%$30.89 - $34.21 $ 52.8264%20931
Mario Gabelli 2012-06-30 Add 56.25%$30.89 - $34.21 $ 52.8264%25000
Arnold Van Den Berg 2012-03-31 Reduce -5.38%0.06%$30.72 - $33.31 $ 52.8276%372546
Joel Greenblatt 2012-03-31 New Buy0.05%$30.72 - $33.31 $ 52.8276%16673
George Soros 2011-12-31 Sold Out 0.02%$25.71 - $32 $ 52.8278%0
Mario Gabelli 2011-12-31 Reduce -40.74%$25.71 - $32 $ 52.8278%16000
Arnold Van Den Berg 2011-09-30 Reduce -61.6%1.95%$25.92 - $31.48 $ 52.8283%412709
George Soros 2011-09-30 New Buy0.02%$25.92 - $31.48 $ 52.8283%37800
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Marsh & McLennan Companies Inc

Diamond Hill Capital Comments on Marsh & McLennan Co. - Mar 05, 2014

Insurance brokerage and consulting firm Marsh & McLennan Co., Inc. (MMC) is one of the largest insurance brokers in the world, with a very strong position among large corporate clients. The insurance brokerage business is very attractive, with high free cash flow generation and strong global growth opportunities.



From Diamond Hill Capital (Trades, Portfolio)'s Fourth Quarter 2013 Commentary.

Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about Marsh & McLennan Companies Inc

Diamond Hill Capital Comments on Marsh & McLennan Co.
Insurance brokerage and consulting firm Marsh & McLennan Co., Inc. (MMC) is one of the largest insurance brokers in the world, with a very strong position among large corporate clients. The insurance brokerage business is very attractive, with high free cash flow generation and strong global growth opportunities. Read more...
Diamond Hill Capital Buys 12 New Stocks
Diamond Hill Capital (Trades, Portfolio) is an Ohio-based value firm managing alternative equity strategies, mutual funds and private investment funds. Its assets managed have grown substantially over the past year, reaching $11 billion as of Sept. 30, 2013, up from around $9.4 billion a year prior. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 21.30
MMC's P/E(ttm) is ranked higher than
71% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 23.30 vs. MMC: 21.30 )
MMC' s 10-Year P/E(ttm) Range
Min: 5.08   Max: 253.3
Current: 21.3

5.08
253.3
P/B 3.60
MMC's P/B is ranked higher than
50% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.50 vs. MMC: 3.60 )
MMC' s 10-Year P/B Range
Min: 1.61   Max: 4.76
Current: 3.6

1.61
4.76
P/S 2.38
MMC's P/S is ranked higher than
76% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 3.39 vs. MMC: 2.38 )
MMC' s 10-Year P/S Range
Min: 0.87   Max: 2.39
Current: 2.38

0.87
2.39
PFCF 25.89
MMC's PFCF is ranked higher than
79% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9999.00 vs. MMC: 25.89 )
MMC' s 10-Year PFCF Range
Min: 9.19   Max: 472.29
Current: 25.89

9.19
472.29
EV-to-EBIT 11.17
MMC's EV-to-EBIT is ranked higher than
87% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 20.81 vs. MMC: 11.17 )
MMC' s 10-Year EV-to-EBIT Range
Min: 8.8   Max: 242.9
Current: 11.17

8.8
242.9
PEG 0.79
MMC's PEG is ranked higher than
94% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9999.00 vs. MMC: 0.79 )
MMC' s 10-Year PEG Range
Min: 0.55   Max: 82.96
Current: 0.79

0.55
82.96
Shiller P/E 32.62
MMC's Shiller P/E is ranked higher than
76% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 59.60 vs. MMC: 32.62 )
MMC' s 10-Year Shiller P/E Range
Min: 9.69   Max: 35.78
Current: 32.62

9.69
35.78
Current Ratio 1.66
MMC's Current Ratio is ranked higher than
70% of the 254 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.47 vs. MMC: 1.66 )
MMC' s 10-Year Current Ratio Range
Min: 0.66   Max: 1.79
Current: 1.66

0.66
1.79
Quick Ratio 1.66
MMC's Quick Ratio is ranked higher than
70% of the 254 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.44 vs. MMC: 1.66 )
MMC' s 10-Year Quick Ratio Range
Min: 0.66   Max: 1.79
Current: 1.66

0.66
1.79

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.00
MMC's Dividend Yield is ranked lower than
59% of the 321 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.60 vs. MMC: 2.00 )
MMC' s 10-Year Dividend Yield Range
Min: 1.62   Max: 4.76
Current: 2

1.62
4.76
Dividend Payout 0.39
MMC's Dividend Payout is ranked higher than
79% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.95 vs. MMC: 0.39 )
MMC' s 10-Year Dividend Payout Range
Min: 0.23   Max: 4.65
Current: 0.39

0.23
4.65
Dividend growth (3y) 5.80
MMC's Dividend growth (3y) is ranked higher than
77% of the 217 Companies
in the Global Insurance Brokers industry.

( Industry Median: 0.50 vs. MMC: 5.80 )
MMC' s 10-Year Dividend growth (3y) Range
Min: -25   Max: 28
Current: 5.8

-25
28
Yield on cost (5-Year) 2.53
MMC's Yield on cost (5-Year) is ranked lower than
54% of the 323 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.71 vs. MMC: 2.53 )
MMC' s 10-Year Yield on cost (5-Year) Range
Min: 2.05   Max: 6.02
Current: 2.53

2.05
6.02
Share Buyback Rate -0.90
MMC's Share Buyback Rate is ranked higher than
71% of the 296 Companies
in the Global Insurance Brokers industry.

( Industry Median: -0.70 vs. MMC: -0.90 )
MMC' s 10-Year Share Buyback Rate Range
Min: 2   Max: -7.2
Current: -0.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 120.05
MMC's Price/Tangible Book is ranked higher than
50% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.17 vs. MMC: 120.05 )
MMC' s 10-Year Price/Tangible Book Range
Min: 5.58   Max: 939.5
Current: 120.05

5.58
939.5
Price/DCF (Projected) 1.81
MMC's Price/DCF (Projected) is ranked higher than
75% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 2.89 vs. MMC: 1.81 )
MMC' s 10-Year Price/DCF (Projected) Range
Min: 1.03   Max: 5.43
Current: 1.81

1.03
5.43
Price/Median PS Value 1.61
MMC's Price/Median PS Value is ranked higher than
59% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.26 vs. MMC: 1.61 )
MMC' s 10-Year Price/Median PS Value Range
Min: 0.69   Max: 2.5
Current: 1.61

0.69
2.5
Price/Peter Lynch Fair Value 1.30
MMC's Price/Peter Lynch Fair Value is ranked higher than
93% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 9999.00 vs. MMC: 1.30 )
MMC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.61   Max: 3.92
Current: 1.3

0.61
3.92
Price/Graham Number 10.36
MMC's Price/Graham Number is ranked higher than
59% of the 442 Companies
in the Global Insurance Brokers industry.

( Industry Median: 1.72 vs. MMC: 10.36 )
MMC' s 10-Year Price/Graham Number Range
Min: 2.01   Max: 59
Current: 10.36

2.01
59
Earnings Yield (Greenblatt) 9.00
MMC's Earnings Yield (Greenblatt) is ranked higher than
80% of the 378 Companies
in the Global Insurance Brokers industry.

( Industry Median: 6.30 vs. MMC: 9.00 )
MMC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 11.4
Current: 9

0.4
11.4
Forward Rate of Return (Yacktman) 18.68
MMC's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 335 Companies
in the Global Insurance Brokers industry.

( Industry Median: 5.40 vs. MMC: 18.68 )
MMC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -20.5   Max: 23.8
Current: 18.68

-20.5
23.8

Business Description

Industry: Brokers & Exchanges » Insurance Brokers
Compare:BRO, AON, WSH, ERIE, NFP » details
Traded in other countries:MHM.UK, MSN.Germany
Marsh & McLennan Companies, Inc., is incorporated in Delaware. It is a professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of 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 namely 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, 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 namely 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 and organizational transformation. Lippincott is a brand strategy and design consulting firm which advises corporations internationally in various industries on corporate branding, identity and image. 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.

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