Marsh McLennan (MRSH)
Combines insurance and reinsurance brokerage with workforce, investment, and management consulting.
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Provides insurance and reinsurance brokerage, risk advice, employee health and investment consulting, and specialized management consulting through Marsh Risk, Guy Carpenter, Mercer, and Marsh Management Consulting. Fees and commissions drive revenue, with the larger Risk and Insurance Services segment exposed to premium rates and intermediary regulation.
Organizes professional services across two segments: Risk and Insurance Services, and Consulting. Marsh Risk brokers insurance and advises on risk; Guy Carpenter arranges reinsurance and capital solutions; Mercer covers employee health, wealth and career needs; Marsh Management Consulting provides management, strategic, economic and brand advice. Together they serve clients in 130 countries.
Earns commissions and fees, with Mercer also charging against assets or plan members. Combines placement, analytics, actuarial work, benefits advice and specialized consulting, while Business and Client Services centralizes technology, data and operations.
Operates through regulated intermediaries requiring licenses across U.S. states and many foreign jurisdictions. A significant share of risk-and-insurance revenue depends on commissions linked to insurance and reinsurance premiums; client funds held in a fiduciary capacity face segregation and investment rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | BMO Capital | Reiterate | Rating: —Target: $228 | Target: $203 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $180 | Target: $200 |
| Jul 27, 2026 | UBS | Reiterate | Rating: —Target: $212 | Target: $216 |
| Jul 22, 2026 | Mizuho Securities | Target | Target: $197 | Target: $201 |
| Jul 22, 2026 | Wells Fargo | Reiterate | Rating: —Target: $199 | Target: $188 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.70B · Total debt $22.38B · Total assets $59.68B · Shareholders' equity $15.18B
- Revenue
- $7.40B
- Operating income
- $1.90B
- Net income
- $1.27B
HistoryDividendAnnual yieldUpcoming
| Institutions | 92.49% | 441.40M shares | |
|---|---|---|---|
| 1,527 holders · as of Jun 30, 2026 | |||
| Insiders | 0.08% | 393.3K shares | |
| 19 holders · as of Sep 3, 2026 | |||
| Other | 7.43% | 35.42M shares | |
| remainder | |||
477.21M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.28% | 39.50M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.60% | 31.47M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.69% | 22.40M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 3.80% | 18.12M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 3.56% | 16.98M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | John Q. Doyle | officer: President and CEO | −16,656 | $188.51 |
| Sep 2, 2026 | Katherine Brennan | officer: SVP and General Counsel | −1,197 | $187.90 |
| Aug 6, 2026 | John Jude Jones | officer: Chief Marketing Officer | −6,500 | $191.96 |
| Jul 29, 2026 | Paul Beswick | officer: SVP, Chief Information Officer | −713 | $198.00 |
| Jul 28, 2026 | Martin South | officer: Chief Client Officer | −7,100 | $189.99 |
- Aon
The world's #2 insurance broker, competing across all MRSH revenue pillars.
- Willis Towers Watson
The #3 global broker, competing in both insurance brokerage and HR consulting.
- Arthur J. Gallagher
Fast-growing #3–4 broker with Gallagher Re directly contesting Guy Carpenter.
- Brown & Brown
US middle-market broker competing directly with Marsh McLennan Agency.
- Accenture
Largest management consulting firm; competes with Oliver Wyman in fin. services.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marsh McLennan | $170.01 | 0.00% | $82.42B | 21.1 | 15.5 | 2.9 | +6.2% |
| Aon | $286.10 | +0.03% | $61.69B | 16.0 | 14.6 | 3.5 | +2.2% |
| Willis Towers Watson | $301.73 | +0.00% | $28.49B | 18.9 | 14.4 | 2.8 | +9.1% |
| Arthur J. Gallagher | $230.45 | −0.02% | $60.79B | 39.2 | 16.4 | 3.9 | +22.8% |
| Brown & Brown | $62.44 | +0.03% | $21.52B | 19.0 | 13.5 | 3.1 | +34.2% |
| Accenture | $183.80 | +0.04% | $113.89B | 14.9 | 12.8 | 1.6 | +5.6% |
| Median | 18.9 | 14.4 | 3.1 | +9.1% |