Marsh & McLennan Companies (MMC)

Marsh & McLennan Companies, Inc. • Advance Asset Management Limited • AFCO Premium Credit LLC • Agnew Higgins Pickering & Co. (Bermuda) Ltd • Aldgate Trustees Ltd • Alpha Consultants Limited • Altius Associates GP Ltd • Altius Associates Special Partner GP Limited • Altius Client (GP) II LLC • Altius Client (GP) LLC ...

IRS number

362668272

MMC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$233.33

Low target

$211.00

High target

$259.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

1166 Avenue of the Americas

Prospectus for primary offering

1 Nov 24

FWP

Free writing prospectus

30 Oct 24

424B2

Prospectus for primary offering

17 Oct 24

Marsh McLennan reports third quarter 2024 results

17 Oct 24

S-3ASR

Automatic shelf registration

18 Jul 24

MARSH McLENNAN REPORTS SECOND QUARTER 2024 RESULTS

18 Jul 24

Transcripts

View all

MMC

Earnings call transcript

2024 Q3

17 Oct 24

MMC

Earnings call transcript

2024 Q2

18 Jul 24

MMC

Earnings call transcript

2024 Q1

18 Apr 24

MMC

Earnings call transcript

2023 Q4

25 Jan 24

MMC

Earnings call transcript

2023 Q3

19 Oct 23

MMC

Earnings call transcript

2023 Q2

20 Jul 23

MMC

Earnings call transcript

2023 Q2

20 Jul 23

MMC

Earnings call transcript

2023 Q1

20 Apr 23

MMC

Earnings call transcript

2022 Q4

26 Jan 23

MMC

Earnings call transcript

2022 Q3

20 Oct 22

Latest ownership filings

View all

Financial summary

Financial statements Chart MMC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.72 bn	13.72 bn	13.72 bn	13.72 bn	13.72 bn	13.72 bn
Cash burn (monthly)	(no burn)	84.00 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	234.45 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	13.49 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	160.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MMC institutional ownership history Ownership history

86.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1493	1448	+3.1%
Opened positions	134	123	+8.9%
Closed positions	89	94	-5.3%
Increased positions	610	581	+5.0%
Reduced positions	488	506	-3.6%

13F shares	Current	Prev Q	Change
Total value	87.66 tn	84.33 tn	+3.9%
Total shares	427.11 mm	436.57 mm	-2.2%
Total puts	1.46 mm	587.50 k	+148.9%
Total calls	1.48 mm	1.16 mm	+28.2%
Total put/call ratio	1.0	0.5	+94.2%

Largest owners	Shares	Value	Change
Vanguard	44.38 mm	$9.90 tn	+0.8%
BLK BlackRock	41.61 mm	$9.28 tn	NEW
FMR	21.45 mm	$4.78 tn	+2.5%
STT State Street	20.91 mm	$4.67 tn	+0.1%
Capital International Investors	18.33 mm	$4.09 tn	+0.1%
Capital World Investors	17.58 mm	$3.92 tn	-0.5%
Geode Capital Management	11.91 mm	$2.65 tn	+2.2%
Massachusetts Financial Services	10.82 mm	$2.41 tn	-2.2%
T. Rowe Price	10.05 mm	$2.24 bn	-5.0%
Wellington Management	8.56 mm	$1.91 tn	-5.9%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-42.34 mm	EXIT
BLK BlackRock	41.61 mm	+41.61 mm	NEW
Norges Bank	0.00	-6.08 mm	EXIT
T. Rowe Price Investment Management	2.07 mm	-1.99 mm	-49.0%
TD Asset Management	0.00	-780.05 k	EXIT
Assenagon Asset Management	14.94 k	-678.15 k	-97.8%
Qube Research & Technologies	1.34 mm	+613.27 k	+84.1%
Adage Capital Partners GP, L.L.C.	908.56 k	+590.90 k	+186.0%
Woodline Partners	0.00	-585.20 k	EXIT
Amundi	2.25 mm	-559.80 k	-19.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MMC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Dec 24	Martin South	Common Stock	Payment of exercise	Dispose F	No	No	215.315	3,332	717.43 k	11,642.304
16 Dec 24	Martin South	Common Stock	Option exercise	Acquire M	No	No	215.315	6,024	1.30 mm	14,974.304
16 Dec 24	Martin South	RSU Common Stock	Option exercise	Dispose M	No	No	0	6,024	0.00	0
16 Dec 24	Dean Michael Klisura	Common Stock	Payment of exercise	Dispose F	No	No	215.315	3,332	717.43 k	23,627.48
16 Dec 24	Dean Michael Klisura	Common Stock	Option exercise	Acquire M	No	No	215.315	6,024	1.30 mm	26,959.48
16 Dec 24	Dean Michael Klisura	RSU Common Stock	Option exercise	Dispose M	No	No	0	6,024	0.00	0
15 Nov 24	Fanjul Oscar	Common Stock	Payment of exercise	Dispose F	No	No	223.615	18.39	4.11 k	46,196.885
15 Nov 24	Fanjul Oscar	Common Stock	Grant	Acquire A	No	No	223.615	156.52	35.00 k	46,215.275
15 Nov 24	Mills Steven A	Common Stock	Grant	Acquire A	No	No	223.615	184	41.15 k	2,172.75
15 Nov 24	Jane H Lute	Restricted Stk. Units-Dir. Stk. Plan Common Stock	Other	Acquire J	No	No	223.615	19.95	4.46 k	5,612.04