Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Marsh And McLennan Has Room For Eventual Multiple Expansion

There are lots of consulting firms out there, but Marsh and McLennan (NYSE:MMC) is arguably the premier consulting firm in the risk space and it has a major insurance brokerage business. The company has a leading market share position, a diversified practice area, and the kind of global scale that ensures relatively stability in earnings. Given all this, it is not really a surprise that MMC's stock has done very well in the last five years, and I see a lot of potential for the stock to continue to do well on the back of increased investor confidence in the story. Marsh & McLennan certainly has some risks associated with it including regulatory scrutiny, and some potential for...

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