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Marsh & McLennan Companies, Inc.NYSE:MRSH Stock Report

Market Cap US$80.8b
Share Price
US$166.18
US$203.67
18.4% undervalued intrinsic discount
1Y-26.9%
7D-2.3%
Portfolio Value
View

Marsh & McLennan Companies, Inc.

NYSE:MRSH Stock Report

Market Cap: US$80.8b

Marsh & McLennan Companies (MRSH) Stock Overview

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. More details

MRSH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends5/6

MRSH Community Fair Values

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See what 37 others think this stock is worth. Follow their fair value or set your own to get alerts.

Marsh & McLennan Companies, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Marsh & McLennan Companies
Historical stock prices
Current Share PriceUS$166.18
52 Week HighUS$235.78
52 Week LowUS$164.89
Beta0.75
1 Month Change-3.31%
3 Month Change-11.70%
1 Year Change-26.89%
3 Year Change-7.35%
5 Year Change20.45%
Change since IPO6,631.34%

Recent News & Updates

Recent updates

MRSH: AI Productivity And Balance Sheet Strength Should Support Future Earnings Resilience

Analysts have trimmed the average price target on Marsh & McLennan Companies by about $3 to $203.67, citing a mix of recent target cuts tied to AI disruption concerns and slightly softer growth and margin assumptions, partly balanced by a few upward revisions that highlight the company’s earnings quality and productivity potential. Analyst Commentary Recent research on Marsh & McLennan Companies reflects a split view, with some firms trimming targets and ratings while others still see room for upside after the recent valuation reset.

Marsh & McLennan: The Valuation May Finally Be Here

Apr 16

MRSH: Earnings Should Stay Resilient As AI Drives Broker Productivity

The analyst price target for Marsh & McLennan Companies has been trimmed slightly, with a modest reduction of around $1 per share as analysts factor in more tempered assumptions for revenue growth and profit margins, while still highlighting AI driven productivity potential and the resilience of the broker business model. Analyst Commentary Recent research suggests that views on Marsh & McLennan are split, with price targets moving both up and down as analysts reassess growth, margins, and the impact of AI on the broker model.

MRSH: Earnings Should Stay Resilient As AI Supports Margins And Productivity

Analyst Price Target Narrative Update The analyst price target for Marsh & McLennan Companies has been adjusted slightly lower, with the updated fair value moving from $207.25 to $207.20 as analysts weigh a mix of reduced targets tied to concerns about AI disruption and softer P&C pricing, against views that the recent selloff may overstate these risks and that AI could support productivity and margins for brokers. Analyst Commentary Recent research shows a divided backdrop for Marsh & McLennan Companies, with price targets clustering in a relatively tight range but ratings spanning Strong Buy through Underperform.

MRSH: Earnings Should Stay Resilient Supported By AI And Thrive Productivity Gains

The analyst price target for Marsh & McLennan Companies has edged down by $0.70 to $207.25 as analysts balance cautious views on softer P&C pricing and organic growth headwinds with ongoing margin expansion, strong credit metrics, and benefits tied to digital infrastructure, AI related client spending, and productivity gains from the Thrive initiative. Analyst Commentary Recent research on Marsh & McLennan Companies reflects a split view, with some firms trimming price targets or ratings while others keep a constructive stance despite softer P&C pricing and organic growth headwinds.

MRSH: Earnings Should Stay Resilient As Soft P And C Cycle Persists

Narrative Update: Marsh & McLennan Companies (MMC) The updated analyst price target for Marsh & McLennan Companies edges down by about $1 to $207.95, as analysts balance higher assumed revenue growth and margins, along with a slightly lower future P/E, against mixed sector views and a recent valuation reset highlighted in Street research. Analyst Commentary Recent Street research on Marsh & McLennan offers a mixed picture, with some firms lifting ratings or targets and others trimming expectations or staying cautious on sector conditions.

MRSH: Future Earnings Should Stay Resilient As P And C Cycle Softens

Analysts have inched their blended price target for Marsh & McLennan Companies up by about $1.70 to roughly $209, reflecting updated assumptions around modestly lower revenue, a slightly higher projected profit margin, and a somewhat lower future P/E multiple. Analyst Commentary Recent research on Marsh & McLennan Companies reflects a mix of optimism and caution, with several firms revisiting their price targets as they refresh sector views and look ahead to 2026.

Earnings Update: Marsh & McLennan Companies, Inc. (NYSE:MRSH) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 01
Earnings Update: Marsh & McLennan Companies, Inc. (NYSE:MRSH) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

MRSH: Future Earnings Should Prove Resilient As P And C Cycle Softens

Analysts trimmed their blended price target for Marsh & McLennan Companies by about $4 to reflect a slightly lower fair value estimate of $207 per share, citing softer pricing trends in parts of the P&C cycle, emerging growth headwinds for brokers, and a modest reset in future P/E expectations, despite steady margin assumptions. Analyst Commentary Recent Street research shows a fairly balanced split between bullish and bearish voices on Marsh & McLennan, with price targets clustered around the high $100s to low $200s and ratings that range from Underperform to Overweight.

MMC: Future Earnings Should Prove Resilient Despite Softer P And C Cycle

Analysts have trimmed their price targets on Marsh & McLennan Companies to a range of around US$200 to US$257 and now see fair value at about US$211.33 per share, reflecting slightly lower revenue growth and profit margin assumptions alongside a modestly higher future P/E. Analyst Commentary Recent Street research on Marsh & McLennan Companies highlights a mix of confidence in the business model and caution around growth, valuation and the broader property and casualty, P&C, cycle.

MMC: Future Earnings Will Stay Resilient Despite Softer Property And Casualty Cycle

Analysts have nudged their fair value estimate for Marsh & McLennan Companies slightly lower to approximately $211.62 from $212.35. This reflects broadly reduced Street price targets around $200 to $215 as they factor in softer near term organic growth, a moderating P&C pricing cycle, and a less compelling valuation backdrop.

MMC: Future Earnings Will Stay Resilient Amid Softer Property And Casualty Cycle

Analysts have trimmed their price target on Marsh & McLennan Companies to $212.35 from $214.26, reflecting slightly lower medium term growth and margin expectations amid a softer property and casualty backdrop and mixed views on the stock's valuation. Analyst Commentary Recent Street research reflects a more mixed stance on Marsh & McLennan Companies, with modestly reduced price targets offset by a few upward revisions and continued confidence in the company’s earnings quality and balance sheet strength.

MMC: Future Earnings Will Remain Stable Despite Sector Volatility And Pricing Headwinds

Marsh & McLennan Companies' average analyst price target has moved modestly lower, reflecting mixed recent results and heightened caution among analysts regarding organic growth trends and sector valuation sensitivity. Analyst Commentary Analyst sentiment on Marsh & McLennan Companies remains mixed following recent quarterly results and ongoing sector volatility.

MMC: Earnings Resilience Will Outperform Despite Sector Headwinds And Ongoing Deal Activity

Marsh & McLennan Companies' analyst price target saw a modest reduction of nearly $4 to $214, as analysts cite softer than expected revenue growth and concerns about valuation amidst shifting market dynamics. Analyst Commentary Recent Street research offers a nuanced view of Marsh & McLennan Companies, as analysts weigh market conditions, revenue trends, and valuation pressures.

Analyst Commentary Cites Mixed Outlook as Marsh & McLennan Faces Lowered Valuation Targets

Marsh & McLennan Companies' analyst price target has been revised downward by approximately $10 to $218, as analysts adjusted their expectations in light of slower revenue growth and a less attractive valuation in response to ongoing sector headwinds. Analyst Commentary Analysts covering Marsh & McLennan Companies provided a wide range of perspectives in recent research notes, reflecting both positive and cautious outlooks for the company in light of the ongoing sector dynamics, recent earnings trends, and valuation considerations.

Global Risk Complexity Will Fuel Advisory Service Demand

Analysts have modestly trimmed their price target for Marsh & McLennan Companies from $232.42 to $228.53. They cited persistent growth headwinds in commercial property pricing and continued sector-wide margin pressures.

Marsh & McLennan: Benefiting From Uncertain World

Apr 20

Marsh & McLennan: The Serial Acquirer Strikes Again

Feb 11

Marsh & McLennan: An Advisory Powerhouse

Dec 17

Marsh & McLennan: McGriff Acquisition Is A Good Deal

Sep 30

Marsh & McLennan: Hedge For An Uncertain Geopolitical Environment

Aug 22

Marsh & McLennan: Insurance Premium Growth Ahead

Jun 06

Marsh & McLennan: Scale Advantage And Macro Uncertainty Support Growth Story

Apr 29

Marsh & McLennan Q4: Strong Rate Increase, Expect MSD Organic Revenue Growth In FY24

Feb 08

Marsh & McLennan: Bullish On Its Double-Digit Growth Across Key Metrics (Upgrade)

Dec 29

Marsh & McLennan: Strong Performance Across Economic Cycles

Oct 24

Marsh & McLennan Companies: Mix Shift Towards Higher Growth Areas

Sep 13

Marsh & McLennan: 3 Reasons To Sell And Take A Capital Gain

Jul 22

Marsh & McLennan Q4 2022 Earnings Preview

Jan 25

Shareholder Returns

MRSHUS InsuranceUS Market
7D-2.3%-1.9%0.6%
1Y-26.9%-5.8%28.7%

Return vs Industry: MRSH underperformed the US Insurance industry which returned -5.8% over the past year.

Return vs Market: MRSH underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is MRSH's price volatile compared to industry and market?
MRSH volatility
MRSH Average Weekly Movement4.2%
Insurance Industry Average Movement4.4%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.3%

Stable Share Price: MRSH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MRSH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187195,000John Doylewww.corporate.marsh.com/global/home.html

Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. The company operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services.

Marsh & McLennan Companies, Inc. Fundamentals Summary

How do Marsh & McLennan Companies's earnings and revenue compare to its market cap?
MRSH fundamental statistics
Market capUS$80.80b
Earnings (TTM)US$3.93b
Revenue (TTM)US$27.52b
20.4x
P/E Ratio
2.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRSH income statement (TTM)
RevenueUS$27.52b
Cost of RevenueUS$15.45b
Gross ProfitUS$12.07b
Other ExpensesUS$8.14b
EarningsUS$3.93b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)8.15
Gross Margin43.85%
Net Profit Margin14.26%
Debt/Equity Ratio139.1%

How did MRSH perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
45%
Payout Ratio

Does MRSH pay a reliable dividends?

See MRSH dividend history and benchmarks
When do you need to buy MRSH by to receive an upcoming dividend?
Marsh & McLennan Companies dividend dates
Ex Dividend DateApr 09 2026
Dividend Pay DateMay 15 2026
Days until Ex dividend23 days
Days until Dividend pay date13 days

Does MRSH pay a reliable dividends?

See MRSH dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 21:42
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marsh & McLennan Companies, Inc. is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Taylor ScottBarclays
null nullBMO Capital Markets Equity Research
Michael ZaremskiBMO Capital Markets Equity Research