Marsh McLennan falls on slower Q1 revenue growth

Shares of insurance broker giant Marsh McLennan MMC.N fall 4.74% at $223.03

Posts Q1 underlying rev growth of 4% vs rise of 7% in Q4

Reports Q1 Risk & Insurance Services revenue of $4.8 billion vs $3.6 billion in Q4

"We expect MMC shares to underperform today on miss in RIS that included slowing organic" - Jefferies

However, Q1 adj. profit of $3.06 per share beats estimate of $3.02

Brokerage TD Cowen says Q1 EPS beat expectations even as overall underlying revenue growth slipped

As of last close, stock up ~4.04% YTD