MMC
Financial ServicesMarsh & McLennan Companies, Inc. · Insurance - Brokers · $90B
What is Marsh & McLennan Companies, Inc.?
Marsh & McLennan Companies is one of the world's largest professional services firms, helping organizations navigate risk, build strategy, and manage their people. Operating across more than 130 countries, it serves clients ranging from multinational corporations to public institutions.
The company operates through two core segments. Its Risk and Insurance Services segment — anchored by the Marsh brand — provides risk advice, insurance and reinsurance broking, catastrophe modeling, and program management for businesses, governments, and private clients. The Consulting segment delivers health, wealth, and career advisory services alongside specialized management and economic consulting. Revenue is generated primarily through fees and commissions tied to client engagements rather than underwriting risk directly.
Founded in 1871 and headquartered in New York City, Marsh & McLennan has built a century-plus track record in risk and advisory services.
- Insurance and reinsurance broking for corporate and institutional clients
- Risk management advisory and mitigation solutions
- Catastrophe and financial modeling services
- Health, wealth, and career consulting
- Specialized management and economic consulting
Is MMC a Good Stock to Buy?
UQS Score rates MMC as Good overall, reflecting a balanced but nuanced profile across its five pillars.
The Quality and Valuation pillars both register as Good, suggesting the business generates dependable earnings relative to its current price positioning. MMC's long operating history and diversified service lines contribute to its quality standing within the Financial Services sector.
The Risk pillar is rated Weak, pointing to elevated financial or operational risk factors that investors should weigh carefully. Moat and Growth both come in at Neutral, indicating the company holds a competitive position but faces meaningful pressure to accelerate expansion.
Pro members can view the exact pillar breakdown and full financial metrics behind MMC's UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MMC pay dividends?
Yes — Marsh & McLennan Companies, Inc. pays a dividend.
Marsh & McLennan pays a regular dividend, consistent with its profile as a mature, large-cap professional services firm. The dividend reflects the company's ability to generate recurring fee-based cash flows across economic cycles. Income-oriented investors often view MMC as a stable dividend payer, though the yield is generally modest relative to higher-yielding sectors.
When does MMC report earnings?
Marsh & McLennan reports earnings on a quarterly cadence, typical for US-listed large-cap equities.
The company's results have generally reflected steady demand for risk advisory and consulting services, with fee-based revenue providing some insulation from market volatility. Performance across both segments tends to track corporate spending on risk management and benefits consulting.
For the most recent quarter's results and guidance, visit Marsh & McLennan's investor relations page directly.
MMC Price History
+30.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Marsh & McLennan Companies, Inc.?
Based on Marsh & McLennan Companies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MMC Long-term Outlook
MMC's Growth pillar sits at Neutral, suggesting the company is expanding at a pace broadly in line with sector peers rather than outpacing them. The Weak Risk rating introduces uncertainty around the sustainability of that trajectory. On the positive side, secular demand for risk management and people consulting tends to be resilient, providing a structural tailwind even in slower economic environments.
Growth drivers
- Secular demand for enterprise risk management and advisory services
- Expansion of health, wealth, and career consulting across global markets
- Cross-selling opportunities between the Risk and Consulting segments
Key risks
- Elevated risk profile flagged by the Weak Risk pillar warrants close monitoring
- Competitive pressure from specialized boutique advisors and technology-enabled brokers
- Macro sensitivity in corporate discretionary spending on consulting engagements
MMC vs Peers
MMC competes in a concentrated field of global insurance brokers and risk advisors, where scale and client relationships are central to competitive positioning.
Aon is a direct global peer with comparable scale in risk, reinsurance, and human capital solutions, making it MMC's closest strategic rival.
Arthur J. Gallagher focuses heavily on middle-market clients and has pursued an aggressive acquisition strategy to expand its broker network.
Frequently Asked Questions
What does Marsh & McLennan do?
Marsh & McLennan provides professional services across two segments: Risk and Insurance Services, which covers insurance broking, risk advice, and catastrophe modeling; and Consulting, which delivers health, wealth, career, and management advisory services. The company serves corporations, governments, and private clients in over 130 countries.
Does MMC pay dividends?
Yes, Marsh & McLennan pays a regular dividend. The company's fee-based business model generates recurring cash flows that support consistent dividend payments. It is generally considered a reliable dividend payer within the Financial Services sector, though the yield tends to be modest compared to higher-yielding industries.
When does MMC report earnings?
Marsh & McLennan reports on a quarterly cadence, as is standard for US-listed large-cap companies. For the exact schedule and most recent results, check the investor relations section of the company's official website.
Is MMC a good stock to buy?
UQS Score rates MMC as Good overall. The Quality and Valuation pillars are both rated Good, while the Risk pillar is rated Weak and Moat and Growth are Neutral. Whether MMC fits a portfolio depends on an investor's individual risk tolerance and objectives. The full pillar breakdown is available to Pro members.
Is MMC overvalued?
MMC's Valuation pillar is rated Good under the UQS framework, suggesting the stock is not considered significantly overpriced relative to its fundamentals at the time of scoring. Valuation assessments can shift with market conditions, so reviewing the complete metrics on the Pro dashboard provides the most current picture.
How does MMC compare to its competitors?
MMC operates alongside Aon and Arthur J. Gallagher in the global insurance broking and risk advisory space. All three compete on client relationships, geographic reach, and service breadth. MMC's scale and dual-segment structure differentiate it, though each firm has distinct strategic emphases in terms of market focus and growth approach.
What is MMC's market cap bracket?
Marsh & McLennan is classified as a large-cap company, reflecting its significant market value and established position as one of the world's leading professional services and insurance broking firms.
Who founded Marsh & McLennan?
Marsh & McLennan traces its origins to 1871. The company was formed through the combination of several early insurance and consulting businesses over many decades. Detailed founding history is publicly available through the company's official corporate history resources.
Is MMC a long-term quality investment?
As a long-term quality indicator, MMC's UQS profile shows Good scores in Quality and Valuation, which can support a long-horizon thesis. However, the Weak Risk pillar and Neutral Moat suggest investors should monitor competitive dynamics and financial risk factors over time. Pro members can access the full analysis to inform long-term decisions.
What is the main competitive advantage of Marsh & McLennan?
MMC's primary competitive strengths lie in its global scale, deep client relationships built over more than 150 years, and the breadth of its integrated service offering across risk, insurance, and consulting. However, the UQS Moat pillar is currently rated Neutral, indicating the competitive advantage is present but not dominant relative to sector peers.
What sector does MMC belong to?
Marsh & McLennan operates in the Financial Services sector, specifically within the insurance broking and professional services sub-industry. It is not an insurer itself — it earns fees and commissions by advising clients on risk and placing insurance coverage on their behalf.
Is MMC a growth stock or value stock?
Based on its UQS profile, MMC sits closer to a quality-and-value orientation than a pure growth play. The Growth pillar is rated Neutral and Valuation is rated Good, suggesting the market is not pricing in aggressive expansion. Investors drawn to stable, fee-generating businesses may find this profile more relevant than those seeking high-growth exposure.
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Pro Analysis
MMC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 29, 2026 | 59.3 | 72.7 | 53.0 | 42.0 | 56.4 | 73.3 | -0.1 |
| May 8, 2026 | 59.4 | 72.4 | 53.0 | 42.0 | 56.4 | 74.4 | +0.4 |
| May 7, 2026 | 59.0 | 72.0 | 53.0 | 42.0 | 56.4 | 72.6 | 0.0 |
| May 3, 2026 | 59.0 | 72.1 | 53.0 | 42.0 | 56.4 | 72.4 | +0.2 |
| Apr 29, 2026 | 58.8 | 71.5 | 53.0 | 42.0 | 56.4 | 72.0 | +2.9 |
| Apr 20, 2026 | 55.9 | 73.0 | 53.0 | 42.0 | 31.8 | 74.7 | -1.1 |
| Apr 14, 2026 | 57.0 | 74.0 | 53.0 | 42.0 | 31.8 | 80.6 | +0.7 |
| Apr 13, 2026 | 56.3 | 74.0 | 50.0 | 42.0 | 31.8 | 80.6 | — |
MMC — Pillar Breakdown
Quality
— 72.7/100 (25%)Marsh & McLennan Companies, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 42.0/100 (20%)Marsh & McLennan Companies, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 56.4/100 (15%)Marsh & McLennan Companies, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 73.3/100 (15%)Marsh & McLennan Companies, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 53/100 (25%)Marsh & McLennan Companies, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MMC.
Score Composition
Financial Data
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How is the MMC UQS Score Calculated?
The UQS (Unified Quality Score) for Marsh & McLennan Companies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Marsh & McLennan Companies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Marsh & McLennan Companies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.