GlobeNewswire Inc.T3·9mo ago
MMC Marsh & McLennan Companies, Inc.
XNYS
182.19
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MMC
$182.19
—
Key stats
$182.19
- 52-Week Range
- $174.18 – $188.75
- YTD
- -0.16%
- IV Rank (30D)
- 74.41
- Straddle Price
- $11.55
- P/C Vol Ratio
- 1.52
- Market Cap
- $89.5B
- Open
- $182.62
- Day Range
- $182.62 – $182.62
- Prev Close
- $182.62
Fair Value
+34.1% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.00% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 9.50% (VRP-adj) |
| WACC | 8.61% |
| Volatility Risk Premium | +60.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 23.6% |
| Rev. Growth (YoY, DCF input) | -6.6% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $5.0B |
| Return on Equity (TTM) | 27.2% |
| Book / Price | 17.0% |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | 18.5% |
| Debt / Equity | 1.20 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +6.4% (reverse-DCF on current price) |
| SMA 50 | $183.64 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $183.93 |
| Bollinger Width / SMA20 | 2.2% (drives anchor stability) |
| Net Debt | $15.6B |
| Market Cap | $90B |
Peers used for multiples: AAPL, AMZN, AVGO, BRK.B, GOOGL, META, MSFT, NVDA
Blended Fair Value
$244.95
Deviation
+34.1%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $66.56 | 19% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $261.16 | 15% | median 31.0× · 8 peers |
| Peer EV/EBITDA | $421.85 | 15% | median 29.2× · 8 peers |
| Peer P/B | $271.30 | 3% | median 8.8× · 8 peers |
| Peer P/S | $549.44 | 10% | median 10.1× · 8 peers |
| Market Anchor (SMA50) | $183.64 | 39% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-06-01 · updated
Related
About
- Industry (SIC)
- INSURANCE AGENTS, BROKERS & SERVICE (6411) · industry map
- Exchange
- XNYS
- Market Cap
- $89.5B
- Employees
- 52,400
- List Date
- 1969-06-04
- CIK
- 0000062709
- Headquarters
- New York, NY
- Homepage
- https://www.marshmclennan.com
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.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
Insufficient price history — listed 20964 days ago. Seasonality patterns need at least one full year of data.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $183.93
SMA 50: $183.64
SMA 200: $202.82
Current: $182.62
EMA 12: $183.10
EMA 26: $183.75
MACD: -0.6504 | Signal: -0.1713
BEARISH
ADX (14): 18.91
RANGE
+DI: 17.41
−DI: 28.47
Momentum Oscillators
RSI (14): 44.52
NEUTRAL
Stoch %K: 17.74
Stoch %D: 21.99
Williams %R: -86.54
Volume & Volatility
BB Upper: $187.57
BB Lower: $180.28
NEUTRAL
OBV: 3,371,841
Vol SMA 20: 1,053,317
Vol ROC: -100.00%
ATR: $1.42
True Range: $0.00
HV 20: 16.6%
HV 30: 14.2%
HV 60: 15.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-01-31T00:00:00 – 2026-03-16T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (confidence level: 6/10)
Key drivers:
- Positive earnings beats and partnerships news sentiment
- Technical indicators suggesting range-bound trading with a slight upward bias
Primary risks:
- Low volatility and high beta indicating potential for increased market correlation
- Mixed signals from recent news headlines, which may impact stock price movements
Investment thesis: The stock is in a consolidation phase, with technical indicators indicating a possible breakout to the upside. However, the low volatility and high beta suggest that the stock's price movement may be influenced by broader market trends.
Recent news sentiment impact: Positive news sentiment from recent headlines has contributed to the stock's current upward momentum.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): NEUTRAL, Medium-term (1-3 months): UPTRENDING, Long-term (3-12 months): RANGE-BOUND
Support/Resistance Levels:
- SMA 20: $183.93
- SMA 50: $183.64
- Upper Bollinger Band: $187.57
Momentum Signals:
- RSI interpretation: NEUTRAL (44.52)
- MACD signal: BEARISH (histogram -0.48)
- Bollinger Bands position: NEUTRAL (price touching middle band)
Volume Analysis: Volume trends suggest a consolidation phase, with on-balance volume indicating a potential breakout.
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines from recent articles have contributed to the stock's upward momentum. Headlines highlight the company's strong fundamentals and partnerships.
Sentiment Assessment: Aggregate sentiment is POSITIVE (7/10).
Catalyst Identification: No significant earnings or product launch announcements in the near future, but ongoing market volatility may impact the stock price.
Market Narrative: The recent positive news headlines have driven the stock price upward, which may continue if market trends remain favorable.
Risk & Volatility Assessment
Beta Interpretation: Low beta (0.20) indicates that the stock is less volatile than the broader market.
Volatility Regime: Current volatility levels are low compared to historical values.
Options Market Signals:
- IV Rank: 2.8% (Low)
- Put/Call Volume Ratio: 3.71 (Bearish sentiment)
Downside Protection: Support levels include SMA 20 and SMA 50, which may serve as a safety net in case of a market correction.
Market Context & Positioning
Sector Performance: The insurance brokerage sector has been performing relatively well compared to the broader market.
Institutional Activity: Institutional interest is moderate, with increasing volume on recent buy signals.
Correlation Analysis: The stock's price movement is highly correlated with the broader market (R-squared interpretation).
Relative Valuation: The stock is trading within a relatively narrow range, which may indicate a potential breakout or consolidation phase.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 ($183.93), SMA 50 ($183.64)
- Resistance: Upper Bollinger Band ($187.57)
Breakout/Breakdown Levels: No significant levels to watch, as the stock is in a consolidation phase.
Time-Sensitive Catalysts: No earnings or product launch announcements in the near future, but ongoing market volatility may impact the stock price.
Risk Management: Stop-loss levels should be set around the SMA 20 and SMA 50 support levels. Position sizing considerations suggest moderate risk exposure.
Please note that this analysis is based on historical data and should not be considered as personalized investment advice.
Generated
News
All MMC news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
18 of 19 under expected move
Avg Expected Move
3.09%
Avg Actual Move
1.28%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-28 | After-Close | 4.85% | 0.99% | 0.20x | Within |
| 2021-04-27 | After-Close | 3.93% | 1.36% | 0.35x | Within |
| 2021-07-22 | After-Close | 3.91% | 1.03% | 0.26x | Within |
| 2021-10-21 | After-Close | 3.95% | 0.68% | 0.17x | Within |
| 2022-01-27 | After-Close | 4.01% | 2.01% | 0.50x | Within |
| 2022-04-21 | After-Close | 4.59% | 4.40% | 0.96x | Within |
| 2022-07-21 | After-Close | 4.77% | 0.81% | 0.17x | Within |
| 2022-10-20 | After-Close | 1.16% | 0.24% | 0.21x | Within |
| 2023-01-26 | After-Close | 4.00% | 2.01% | 0.50x | Within |
| 2023-04-20 | After-Close | 0.72% | 0.15% | 0.21x | Within |
| 2023-07-20 | After-Close | 2.07% | 1.18% | 0.57x | Within |
| 2023-10-19 | After-Close | 0.99% | 1.74% | 1.76x | Exceeded |
| 2024-01-25 | After-Close | 3.49% | 0.99% | 0.28x | Within |
| 2024-04-18 | After-Close | 1.12% | 0.34% | 0.30x | Within |
| 2024-07-18 | Pre-Market | 2.39% | 1.47% | 0.62x | Within |
| 2024-10-17 | After-Close | 3.45% | 1.00% | 0.29x | Within |
| 2025-01-30 | After-Close | 3.61% | 1.79% | 0.50x | Within |
| 2025-07-17 | Pre-Market | 3.26% | 0.44% | 0.13x | Within |
| 2025-10-16 | After-Close | 2.52% | 1.67% | 0.66x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
MMC Options Activity & IV Rank
MMC IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 24.8%
7-DTE IV: 29.6%
Expected Move: $11.55
7-DTE Move: $4.75
Days to Exp: 38 (2026-02-20)
Options Flow
Call Volume: 40
Put Volume: 61
P/C Volume: 1.525
BEARISH
Call OI: 488
Put OI: 277
P/C OI: 0.568
Total OI: 765
ATM Options Pricing
ATM Call: $7.10
ATM Put: $4.45
Call %: 3.9%
Put %: 2.4%
Chain Summary
Chain Volume: 1,348
Chain OI: 10,367
Last Updated: 1/13/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 92nd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
92%
vs own history
GEX tilt
+0.75
OI-weighted, today
Vanna tilt
+1.00
δ-sensitivity to IV
Charm tilt
-1.00
δ-decay vs time
Vanna tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 9 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Jan 13 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Jan 13 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)27.5MediumJan 13
IV Rank (30 DTE)74.4MediumJan 13
Straddle Price (30 DTE)$11.55Jan 13
Beta Analysis
Insufficient price history — listed 20964 days ago. Beta and correlation vs SPY require ~1 year of daily returns to be statistically meaningful.
MMC Institutional Ownership (13F)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
MMC Insider Trading (Form 4)
Latest: 2025-12-02Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2025-12-02 | John Q Doyle | President and CEO | Mixed | — | $122.66 | -$2.51M | EDGAR |
| 2025-11-18 | Steven A Mills | Director | Award (A) | +231 | $183.28 | $42.3K | EDGAR |
| 2025-11-18 | Jan Siegmund | Director | Other (J) | +4 RSU | — | EDGAR | |
| 2025-11-18 | Jane H Lute | Director | Mixed | +182 RSU | — | EDGAR | |
| 2025-11-18 | Lloyd M Yates | Director | Mixed | +248 RSU | — | EDGAR | |
| 2025-11-18 | Tamara Ingram | Director | Other (J) | +37 RSU | — | EDGAR | |
| 2025-11-18 | Deborah C Hopkins | Director | Other (J) | +96 RSU | — | EDGAR | |
| 2025-11-18 | Anthony Anderson | Director | Other (J) | +75 RSU | — | EDGAR | |
| 2025-11-18 | Morton O Schapiro | Director | Mixed | +651 RSU | — | EDGAR | |
| 2025-09-03 | John Q Doyle | President and CEO | Mixed | — | $134.37 | -$3.01M | EDGAR |
| 2025-08-18 | Morton O Schapiro | Director | Mixed | +572 RSU | — | EDGAR | |
| 2025-08-18 | Jan Siegmund | Director | Other (J) | +4 RSU | — | EDGAR | |
| 2025-08-18 | Tamara Ingram | Director | Other (J) | +32 RSU | — | EDGAR | |
| 2025-08-18 | Steven A Mills | Director | Award (A) | +204 | $208.06 | $42.4K | EDGAR |
| 2025-08-18 | Jane H Lute | Director | Mixed | +160 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
MMC Insider Holdings
18 insiders · @ $182.62
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | John Q Doyle | President and CEO | 87,681 | $16.01M | -$18.06M | 28 | 2025-12-02 |
| 2 | Nicholas Mark Studer | President and CEO of OWG | 77,719 | $14.19M | -$12.45M | 11 | 2025-03-14 |
| 3 | Steven A Mills | Director | 51,453 | $9.40M | $0 | 70 | 2025-11-18 |
| 4 | Oscar Fanjul | Director | 47,685 | $8.71M | -$10.08M | 57 | 2025-05-15 |
| 5 | H Edward Hanway | Director | 35,518 | $6.49M | $0 | 15 | 2025-06-03 |
| 6 | Mark C McGivney | Chief Financial Officer | 33,678 | $6.15M | -$70.81M | 36 | 2025-03-11 |
| 7 | Martin South | President & CEO, Marsh | 29,682 | $5.42M | -$9.83M | 12 | 2025-03-05 |
| 8 | Lloyd M Yates | Director | 24,000 | $4.38M | -$440.7K | 38 | 2025-11-18 |
| 9 | Dean Michael Klisura | President & CEO, Guy Carpenter | 20,935 | $3.82M | -$11.09M | 16 | 2025-04-01 |
| 10 | Paul Beswick | SVP, Chief Information Officer | 15,759 | $2.88M | -$3.37M | 19 | 2025-04-07 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
MMC Board & Officers
As of SEC filings through Oct 26, 2026Directors 13
- Morton O Schapiro · on file since 2006
- Oscar Fanjul · on file since 2006
- H Edward Hanway · since Jan 20, 2010
- Lloyd M Yates · since May 18, 2011
- Steven A Mills · since May 18, 2011
- Anthony Anderson · since Sep 21, 2016
- Deborah C Hopkins · since Jan 1, 2017
- Tamara Ingram · since Jul 19, 2019
- Jane H Lute · since Mar 1, 2020
- Judith Hartmann · since Mar 29, 2023
- Jan Siegmund · since Jul 10, 2024
- Bruce D Broussard · since Jul 9, 2025
- Peter Harrison · since Feb 25, 2026
Officers 12
- John Q Doyle · President and CEO · listed since Feb 2023
- Patrick Tomlinson · President and CEO, Mercer · since Apr 1, 2024
- Dean Michael Klisura · President & CEO, Guy Carpenter · listed since Dec 2024
- Edward Francis Moynihan · President & CEO, Oliver Wyman · since Apr 1, 2026
- Nicholas Mark Studer · President and CEO Marsh Risk · listed since Apr 2026
- Stacy Mills · Vice President and Controller · since Jan 1, 2018
- Mark C McGivney · Chief Financial Officer · since Jan 1, 2016
- Paul Beswick · SVP, Chief Information Officer · since Jan 1, 2021
- Carmen Fernandez · SVP, Chief People Officer · listed since Feb 2021
- John Jude Jones · Chief Marketing Officer · since Jan 1, 2023
- Martin South · Chief Client Officer · listed since May 2026
- Katherine Brennan · SVP and General Counsel · since Mar 11, 2022
Changes in the last 10 years (39)
| May 1, 2026 | Martin South listed as Chief Client Officer (previously President & CEO, Marsh Risk) in SEC filings |
| Apr 3, 2026 | Nicholas Mark Studer listed as President and CEO Marsh Risk (previously President and CEO of OWG) in SEC filings |
| Apr 1, 2026 | Edward Francis Moynihan became President & CEO, Oliver Wyman |
| Feb 26, 2026 | Martin South listed as President & CEO, Marsh Risk (previously President & CEO, Marsh) in SEC filings |
| Feb 25, 2026 | Peter Harrison became a director |
| Jul 9, 2025 | Bruce D Broussard became a director |
| Dec 17, 2024 | Dean Michael Klisura first listed as President & CEO, Guy Carpenter in an SEC filing |
| Jul 10, 2024 | Jan Siegmund became a director |
| Apr 1, 2024 | Patrick Tomlinson became President and CEO, Mercer |
| Mar 8, 2024 | The company announced the departure of Bruce P Nolop from the board in an SEC filing |
| Feb 5, 2024 | The company announced the departure of Ray G Young from the board in an SEC filing |
| Oct 9, 2023 | The company announced the departure of Martine Ferland as President and CEO, Mercer in an SEC filing |
| Jul 28, 2023 | Dean Michael Klisura reported in an SEC filing no longer being President & CEO, Guy Carpenter |
| Jun 12, 2023 | The company announced the departure of Hafize Gaye Erkan from the board in an SEC filing |
| Mar 29, 2023 | Ray G Young became a director |
| Mar 29, 2023 | Judith Hartmann became a director |
| Feb 27, 2023 | John Q Doyle listed as President and CEO (previously Group President and COO) in SEC filings |
| Jan 1, 2023 | John Jude Jones became Chief Marketing Officer |
| Sep 23, 2022 | The company announced the departure of Daniel S Glaser from the board in an SEC filing |
| Sep 23, 2022 | The company announced the departure of Daniel S Glaser as President and CEO, MMC in an SEC filing |
| Mar 11, 2022 | Katherine Brennan became SVP and General Counsel |
| Mar 1, 2022 | Hafize Gaye Erkan became a director |
| Jan 4, 2022 | John Q Doyle listed as Group President and COO (previously President and CEO, Marsh) in SEC filings |
| Jan 1, 2022 | Martin South became President & CEO, Marsh |
| Jan 1, 2022 | Dean Michael Klisura became President & CEO, Guy Carpenter |
| Jul 1, 2021 | Nicholas Mark Studer became President and CEO of OWG |
| Feb 24, 2021 | Carmen Fernandez listed as SVP, Chief People Officer (previously SVP, Chief HR Officer) in SEC filings |
| Feb 5, 2021 | E Scott Gilbert reported in an SEC filing no longer being SVP, Chief Information Officer |
| Jan 1, 2021 | Paul Beswick became SVP, Chief Information Officer |
| Jan 1, 2021 | Carmen Fernandez became SVP, Chief HR Officer |
| Mar 1, 2020 | Jane H Lute became a director |
| Jul 19, 2019 | Tamara Ingram became a director |
| Apr 1, 2019 | Dominic Burke became Vice Chairman |
| Mar 1, 2019 | Martine Ferland became President and CEO, Mercer |
| Jan 1, 2018 | Stacy Mills became Vice President and Controller |
| Aug 2, 2017 | John Q Doyle listed as President and CEO, Marsh (previously President, Marsh) in SEC filings |
| Jul 5, 2017 | Peter C Hearn became President & CEO, Guy Carpenter |
| Jan 1, 2017 | Deborah C Hopkins became a director |
| Dec 30, 2016 | Alexander S Moczarski reported in an SEC filing no longer being President & CEO, Guy Carpenter |
Not reported recently (11)
- R David Yost · Last reported as a director in an SEC filing dated May 17, 2023
- Peter J Beshar · Last reported as EVP and General Counsel in an SEC filing dated Mar 2, 2022
- Marc D Oken · Last reported as a director in an SEC filing dated Dec 7, 2021
- Scott McDonald · Last reported as President and CEO of OWG in an SEC filing dated Jun 4, 2021
- Dominic Burke · Last reported as Vice Chairman in an SEC filing dated May 4, 2021
- Peter C Hearn · Last reported as President & CEO, Guy Carpenter in an SEC filing dated Mar 8, 2021
- Laurie Ledford · Last reported as SVP & Chief HR Officer in an SEC filing dated Aug 4, 2020
- Elaine La Roche · Last reported as a director in an SEC filing dated Aug 19, 2019
- Julio A Portalatin · Last reported as President and CEO, Mercer in an SEC filing dated Mar 4, 2019
- Robert J Rapport · Last reported as SVP and Controller in an SEC filing dated Feb 12, 2018
- Peter Zaffino · Last reported as Chairman, RIS and CEO, Marsh in an SEC filing dated Mar 6, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
1 ETF hold MMC
1 shown
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | SPLG SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.15% | — | — | 2025-10-29 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
21.66
TTM Diluted EPS
$8.43
TTM Revenue
$26.98B
TTM Net Income
$4.16B
TTM Op. Cash Flow
$5.29B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '25 | 2025-12-31 | $6.59B | $821.00M | $1.68 | $2.16B |
| Q3 '25 | 2025-09-30 | $6.35B | $747.00M | $1.51 | $2.08B |
| Q2 '25 | 2025-06-30 | $6.97B | $1.21B | $2.45 | $1.67B |
| Q1 '25 | 2025-03-31 | $7.06B | $1.38B | $2.79 | $-622.00M |
| Q4 '24 | 2024-12-31 | $6.07B | $788.00M | $1.59 | $1.96B |
| Q3 '24 | 2024-09-30 | $5.70B | $747.00M | $1.51 | $1.91B |
| Q2 '24 | 2024-06-30 | $6.22B | $1.12B | $2.27 | $1.22B |
| Q1 '24 | 2024-03-31 | $6.47B | $1.40B | $2.82 | $-781.00M |
| Q4 '23 | 2023-12-31 | $5.55B | $756.00M | $1.52 | $1.77B |
| Q3 '23 | 2023-09-30 | $5.38B | $730.00M | $1.47 | $1.83B |
| Q2 '23 | 2023-06-30 | $5.88B | $1.03B | $2.07 | $1.48B |
| Q1 '23 | 2023-03-31 | $5.92B | $1.24B | $2.47 | $-819.00M |
Q4 2025 • period ending 2025-12-31 • filed 2026-02-09
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
21.66
P/B
5.90
P/S
3.35
EV/EBITDA
14.85
EV/Sales
3.93
ROE
27.2%
ROA
7.1%
Div Yield
—
FCF Yield
5.86%
Debt/Equity
1.20
Current Ratio
—
Market Cap
$90.31B
as of 2026-03-16
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.96M
SI % of Float
1.01%
Days to Cover
2.08
Short Vol Ratio
43.1%
Free Float
490.84M
Float %
99.8%
Short interest 2025-12-31 • Short volume 2026-01-13 • Float 2025-11-13