Marsh & McLennan (MMC)

• Market cap: $113B
• 1 day: -0.24%
• 5 days: -0.69%
• 1 month: 5.40%
• 3 months: 2.49%
• 6 months: 2.54%
• Year to date: 8.83%
• 1 year: 15.10%
• 5 years: 97.69%
• 10 years: 303.46%
• Sector: Financials
• Industry: Insurance Agents, Brokers & Service

About: 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). About half of its revenue is generated outside the US.

Employees: 52,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

54% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 103

27% more repeat investments, than reductions

Existing positions increased: 613 | Existing positions reduced: 481

1.59% more ownership

Funds ownership: 87.96% [Q3] → 89.56% (+1.59%) [Q4]

2% less call options, than puts

Call options by funds: $105M | Put options by funds: $107M

3% less capital invested

Capital invested by funds: $96.4B [Q3] → $93.7B (-$2.65B) [Q4]

1% less funds holding

Funds holding: 1,502 [Q3] → 1,483 (-19) [Q4]

21% less funds holding in top 10

Funds holding in top 10: 24 [Q3] → 19 (-5) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $210 9% downside
• Avg. target: $235 2% upside
• High target: $250 9% upside

6 analyst ratings

• positive: 3 50%
• neutral: 2 33%
• negative: 1 17%

Raymond James C. Gregory Peters 81% 1-year accuracy 30 / 37 met price target	9% upside $250	Outperform Reiterated	6 Feb 2025
Keefe, Bruyette & Woods Meyer Shields 62% 1-year accuracy 69 / 112 met price target	9% downside $210	Underperform Maintained	3 Feb 2025
Wells Fargo Elyse Greenspan 68% 1-year accuracy 77 / 114 met price target	3% downside $223	Equal-Weight Maintained	31 Jan 2025
JP Morgan Jimmy Bhullar 66% 1-year accuracy 23 / 35 met price target	2% upside $235	Neutral Maintained	3 Jan 2025
RBC Capital Scott Heleniak 73% 1-year accuracy 35 / 48 met price target	9% upside $250	Outperform Upgraded	12 Dec 2024