MRSH

Marsh & McLennan Companies, Inc.
NYSEUSDEQUITY Financial Services DELAYED
Last price
171.74
▲ 1.31 (0.77%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
169.76
Prev close
170.43
Day high
172.39
Day low
169.52
Volume
1.97M
Market cap
$81.96B
P/E (TTM)
21.00
52W range
156.60 – 207.83

Day trading desk

Current session · delayed
Gap from prior close
-0.39%
Prior close 170.43
VWAP
171.80
-0.04% from price
Relative volume
1.78×
Unusually busy
Session range
1.69%
169.52 – 172.39
Position in range
77%
Near session high
ATR (14D)
3.21
1.87% of price
Prior day high
171.31
PDH
Prior day low
168.31
PDL
Bid / ask spread
—
Quote not published
Session volume
4.42M
Avg 2.48M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+0.77% -1.2%
1M
-7.54% -8.7%
3M
-4.08% -8.6%
6M
-0.53% -18.7%
YTD
-7.43% -21.7%
1Y
-14.62% -31.0%
3Y
-9.75% -92.0%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

11 more panels on MRSH open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-18.92K
Net selling
Buy transactions
11
41.90K shares
Sell transactions
7
60.82K shares
Net transactions
+18
Buys less sells
Sell : buy shares
1.5 : 1
Mixed
Insider-held shares
377.00K
Total on file
Bought 41.90KSold 60.82K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 2, 26
DOYLE JOHN Q
Chief Executive Officer
SELL 16.66K $3.14M Direct
Sep 2, 26
BRENNAN KATHERINE J.
General Counsel
SELL 1.20K $224.91K Direct
Sep 2, 26
BRENNAN KATHERINE J.
General Counsel
CONVERSION 1.20K $99.41K Direct
Sep 2, 26
DOYLE JOHN Q
Chief Executive Officer
CONVERSION 16.66K $1.22M Direct
Aug 14, 26
BROUSSARD BRUCE D.
Director
STOCK 192 $36.18K Direct
Aug 14, 26
MILLS STEVEN A
Director
STOCK 194 $36.56K Direct
Aug 6, 26
JONES JOHN JUDE
Officer
SELL 6.50K $1.25M Direct
Jul 29, 26
BESWICK PAUL
Chief Technology Officer
SELL 713 $141.17K Direct
Jul 28, 26
SOUTH MARTIN
Officer
SELL 7.10K $1.35M Direct
Jul 23, 26
YATES LLOYD M
Director
SELL 12.00K $2.11M Direct
Jun 2, 26
DOYLE JOHN Q
Chief Executive Officer
SELL 16.66K $2.69M Direct
Jun 2, 26
DOYLE JOHN Q
Chief Executive Officer
CONVERSION 16.66K $1.22M Direct
Jun 1, 26
BROUSSARD BRUCE D.
Director
STOCK 1.35K $214.87K Direct
Jun 1, 26
HANWAY H EDWARD
Director
STOCK 1.35K $214.87K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BESWICK PAUL
Chief Technology Officer 16.38K Sale
DOYLE JOHN Q
Chief Executive Officer 116.81K Sale
FANJUL OSCAR MARTIN
Director 43.98K Stock Award(Grant)
FERNANDEZ CARMEN
Officer 13.28K Conversion of Exercise of derivative security
HANWAY H EDWARD
Director 36.87K Stock Award(Grant)
KLISURA DEAN MICHAEL
Officer 25.13K Conversion of Exercise of derivative security
MCGIVNEY MARK C
Chief Financial Officer 42.47K Conversion of Exercise of derivative security
MILLS STEVEN A
Director 53.50K Stock Award(Grant)
SOUTH MARTIN
Officer 16.63K Sale
STUDER NICHOLAS MARK
Officer 32.54K Sale

Fundamentals

TTM · reported
Market cap$81.96B
Enterprise value$102.89B
Revenue (TTM)$27.95B
Gross profit$12.30B
EBITDA$7.76B
Net income$3.98B
EPS (TTM)$8.18
Free cash flow$4.79B
Total cash$1.70B
Total debt$22.38B
Book value / share$31.77
Shares outstanding477.21M
Float476.27M
Short % of float1.23%
Dividend yield2.32%
Beta (5Y)0.59

Valuation & profitability ratios

Account required
Trailing P/E21.00
Forward P/E15.03
PEG ratio1.50
Price / sales—
Price / book5.41
EV / revenue3.68
EV / EBITDA13.26
Gross margin43.99%
Operating margin26.32%
Profit margin14.24%
Return on equity25.90%
Return on assets7.24%
Debt / equity145.03
Current ratio1.14
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $26.98B$24.46B$22.74B$20.72B +10.3%
Operating revenue $27.06B$24.53B$22.80B$20.72B +10.3%
Cost of revenue $15.58B$14.00B$13.10B$12.07B +11.3%
Gross profit $11.40B$10.46B$9.64B$8.65B +9.0%
Total operating expense $5.18B$4.64B$4.36B$4.37B +11.5%
Operating income $6.22B$5.82B$5.28B$4.28B +7.0%
Net interest income -$912.00M-$617.00M-$500.00M-$454.00M -47.8%
Pre-tax income $5.54B$5.48B$5.03B$4.08B +1.1%
Tax provision $1.30B$1.36B$1.22B$995.00M -4.3%
Net income $4.16B$4.06B$3.76B$3.05B +2.5%
Net income to common $4.16B$4.06B$3.76B$3.05B +2.5%
Basic EPS 8.488.267.606.11 +2.7%
Diluted EPS 8.438.187.536.04 +3.1%
EBIT $6.50B$6.18B$5.60B$4.55B +5.2%
EBITDA $7.41B$6.93B$6.32B$5.27B +7.0%
Basic shares 491.00M492.00M494.00M499.00M -0.2%
Diluted shares 494.00M496.00M499.00M505.00M -0.4%

Options analytics

Account required
Put / call volume
1.11
Put-heavy session
Put / call open interest
1.00
Positioning, not flow
Max pain
180.00
+4.8% from spot
ATM implied vol
47.7%
Nearest strike to spot
Skew (10% OTM)
+1.0%
Puts bid over calls
Call volume
38
Contracts, this expiry
Put volume
42
Contracts, this expiry
Heaviest call OI
195.00
1.50K contracts
Heaviest put OI
155.00
1.38K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 2.892.96 +2.3%
Mar 2026 3.223.29 +2.1%
Dec 2025 1.972.12 +7.4%
Sep 2025 1.781.85 +4.1%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 1.97 22 $6.65B +4.7%
Next quarter 2.23 21 $6.91B +4.8%
Current year 10.45 23 $28.55B +5.8%
Next year 11.42 23 $29.96B +4.9%

Analyst targets & ownership

Account required
Mean target$204.90
High target$238.00
Low target$179.00
Implied upside19.31%
Analyst count21
ConsensusHOLD
Strong buy / Buy2 / 5
Hold15
Sell / Strong sell0 / 1
Held by insiders0.08%
Held by institutions94.22%
Institutions holding2.04K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
170.57
+0.69% from price
SMA 20
173.30
-0.90% from price
SMA 50
183.42
-6.37% from price
SMA 100
176.33
-2.60% from price
SMA 200
176.99
-2.97% from price
EMA 12
171.97
-0.14% from price
EMA 26
175.53
-2.16% from price
EMA 50
178.03
-3.53% from price
RSI (14)
40.1
Neutral
MACD (12,26,9)
-3.56
Hist 0.27
ATR (14)
3.21
1.87% of price
Realised vol 30D
17.4%
Annualised
Bollinger upper
180.27
20, 2σ
Bollinger lower
166.33
20, 2σ
50 / 200 cross
Golden
183.42 vs 176.99
Trend bias
Below 200
-2.97%

Options chain

Account required
Expiry
Spot 171.74
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
-0.29
Less volatile than market
Correlation to SPY
-0.15
Largely independent
Realised vol 30D
17.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-24.0%
Peak to trough
Max drawdown 5Y
-35.6%
Peak to trough
ATR 14
3.21
1.87% of price
Beta (reported)
0.59
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
5.87M
Prior 7.38M
Change vs prior
-20.5%
Shorts covering
% of float
1.23%
Normal
% of shares out
1.23%
Against total outstanding
Days to cover
2.8
Liquid
Float
476.27M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

59 on file
DateFirm ActionFromTo
Oct 6, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Oct 6, 26 UBS MAINTAINED Buy Buy
Oct 1, 26 JP Morgan MAINTAINED Overweight Overweight
Aug 19, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Jul 27, 26 UBS MAINTAINED Buy Buy
Jul 22, 26 Wells Fargo MAINTAINED Equal-Weight Equal-Weight
Jul 22, 26 Mizuho MAINTAINED Neutral Neutral
Jul 22, 26 Citigroup DOWNGRADE Buy Neutral
Jul 13, 26 JP Morgan MAINTAINED Overweight Overweight
Jul 10, 26 Evercore ISI Group MAINTAINED Outperform Outperform
Jul 9, 26 Cantor Fitzgerald MAINTAINED Overweight Overweight
Jul 9, 26 Mizuho MAINTAINED Neutral Neutral

Dividends & splits

Declared · from the issuer
Forward rate$3.96 / yr
Forward yield2.32%
5-year avg yield1.45%
Payout ratio44.01%
Ex-dividend dateOct 1, 2026
Next pay dateNov 13, 2026
Last split2:1
Split dateJul 1, 2002

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.