MRSHNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31
MARSH & MCLENNAN COMPANIES, INC.
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 15, 2026
$188.50+0.15 (+0.08%)
Close on Oct 19, 2026
- Market cap
- $90.29B
- P/E (TTM)
- 22.6
- Dividend yield
- 1.82%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
92.0%
439M of 477M shares
Institutional holders
1,499
144 new, 166 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 11 sales
Net sold $18.91M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Mercer Investments LLC | 44,518,836 | 99.00% | 13G (passive) amendment | Dec 31, 2023 |
| BlackRock, Inc. | 40,997,160 | 8.30% | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Capital Management | 36,418,783 | 7.52% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MRSH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 39,502,046 | 8.28% | $6.58B | −2,559,630 | 0.10% |
| Vanguard Capital Management LLC | 31,472,575 | 6.60% | $5.25B | +4,901 | 0.11% |
| State Street Corp | 22,401,676 | 4.69% | $3.73B | +330,731 | 0.11% |
| Capital World Investors | 18,122,340 | 3.80% | $3.02B | +153,158 | 0.36% |
| Wellington Management Group Llp | 16,975,238 | 3.56% | $2.83B | −395,471 | 0.49% |
| Capital International Investors | 15,729,457 | 3.30% | $2.62B | +15,604 | 0.54% |
| Geode Capital Management, LLC | 13,510,274 | 2.83% | $2.25B | +106,102 | 0.12% |
| Price T Rowe Associates Inc /Md/ | 13,438,662 | 2.82% | $2.24M | +2,462,376 | 0.22% |
| Vanguard Portfolio Management LLC | 12,570,512 | 2.63% | $2.10B | +142,566 | 0.09% |
| Capital Research Global Investors | 10,973,649 | 2.30% | $1.83B | −327,539 | 0.26% |
| Harris Associates L P | 8,687,496 | 1.82% | $1.45B | +3,518,377 | 1.92% |
| Artisan Partners Limited Partnership | 7,269,246 | 1.52% | $1.21B | +2,393,389 | 1.92% |
| FMR LLC | 6,954,123 | 1.46% | $1.16B | −3,226,582 | 0.05% |
| Massachusetts Financial Services Co /Ma/ | 6,507,415 | 1.36% | $1.09B | −1,692,894 | 0.35% |
| Morgan Stanley | 6,314,085 | 1.32% | $1.05B | −159,907 | 0.06% |
| Norges Bank | 6,255,525 | 1.31% | $1.04B | New | 0.10% |
| Ameriprise Financial Inc | 5,535,138 | 1.16% | $922.15M | +46,601 | 0.19% |
| Northern Trust Corp | 4,888,165 | 1.02% | $814.71M | −76,914 | 0.09% |
| JPMorgan Chase & Co | 4,730,329 | 0.99% | $788.59M | −1,363,063 | 0.04% |
| Clearbridge Investments, LLC | 4,705,966 | 0.99% | $784.32M | −1,717,565 | 0.65% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,499 | 439M | 92.0% | 144 / 479 | 662 / 166 | 36M | 36M |
| Q1 2026 | 1,546 | 440M | 92.3% | 143 / 614 | 578 / 169 | 94M | 44M |
| Q4 2025 | 1,592 | 438M | 91.9% | 218 / 529 | 645 / 169 | 40M | 40M |
| Q3 2025 | 1,576 | 439M | 92.1% | 147 / 566 | 605 / 154 | 28M | 39M |
| Q2 2025 | 1,610 | 450M | 94.4% | 131 / 616 | 593 / 128 | 30M | 22M |
| Q1 2025 | 1,625 | 443M | 92.8% | 177 / 625 | 564 / 99 | 27M | 24M |
| Q4 2024 | 1,577 | 445M | 93.3% | 189 / 641 | 500 / 108 | 25M | 18M |
| Q3 2024 | 1,530 | 440M | 92.2% | 138 / 626 | 503 / 67 | 56M | 16M |
| Q2 2024 | 1,476 | 442M | 92.7% | 120 / 596 | 517 / 71 | 18M | 28M |
| Q1 2024 | 1,444 | 454M | 95.1% | 177 / 531 | 508 / 85 | 23M | 14M |
| Q4 2023 | 1,375 | 446M | 93.4% | 188 / 477 | 493 / 84 | 32M | 17M |
| Q3 2023 | 1,292 | 432M | 90.4% | 115 / 460 | 494 / 66 | 11M | 14M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MRSH | Value | % of fund | As of |
|---|---|---|---|---|---|
| Washington Mutual Investors Fund | 20,274,269 | 4.25% | $3.85B | 1.76% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 15,297,421 | 3.21% | $2.55B | 0.11% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 12,482,888 | 2.62% | $2.08B | 0.12% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 6,627,181 | 1.39% | $1.10B | 0.12% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 6,195,335 | 1.30% | $991.07M | 0.12% | May 31, 2026 |
| MFS Value Fund | 4,896,500 | 1.03% | $783.29M | 1.53% | May 31, 2026 |
| Vanguard Dividend Growth Fund | 4,623,171 | 0.97% | $876.97M | 2.47% | Jul 31, 2026 |
| Vanguard Value Index Fund | 4,586,757 | 0.96% | $764.47M | 0.30% | Jun 30, 2026 |
| Vanguard Equity Income Fund | 4,076,630 | 0.85% | $679.45M | 1.04% | Jun 30, 2026 |
| American Funds Fundamental Investors | 3,945,082 | 0.83% | $657.53M | 0.36% | Jun 30, 2026 |
| Investment Co of America | 3,787,818 | 0.79% | $631.32M | 0.34% | Jun 30, 2026 |
| State Street(R) Financial Select Sector SPDR(R) ETF | 3,258,686 | 0.68% | $543.13M | 1.06% | Jun 30, 2026 |
| Oakmark Select Fund | 2,821,300 | 0.59% | $470.23M | 5.65% | Jun 30, 2026 |
| American Balanced Fund | 2,812,857 | 0.59% | $468.82M | 0.16% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 2,725,977 | 0.57% | $517.09M | 0.40% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Katherine Brennan | SVP and General Counsel | 7,330 | 0.00% | Sep 3, 2026 |
| John Q. Doyle | President and CEO | 116,811 | 0.02% | Sep 3, 2026 |
| John Jude Jones | Chief Marketing Officer | 3,340 | 0.00% | Aug 7, 2026 |
| Paul Beswick | SVP, Chief Information Officer | 16,376 | 0.00% | Jul 31, 2026 |
| Martin South | Chief Client Officer | 16,632 | 0.00% | Jul 29, 2026 |
| Patrick Tomlinson | President and CEO, Mercer | 4,883 | 0.00% | May 1, 2026 |
| Mark C. McGivney | EVP, CFO and COO | 51,639 | 0.01% | May 1, 2026 |
| Dean Michael Klisura | President & CEO, Guy Carpenter | 30,318 | 0.01% | May 1, 2026 |
| Carmen Fernandez | SVP, Chief People Officer | 17,133 | 0.00% | May 1, 2026 |
| Nicholas Mark Studer | President and CEO Marsh Risk | 32,536 | 0.01% | May 1, 2026 |
| Edward Francis Moynihan | President & CEO, Oliver Wyman | 9,121 | 0.00% | Apr 10, 2026 |
| Stacy Mills | Vice President and Controller | 4,151 | 0.00% | Mar 3, 2026 |
| Lloyd M. Yates | Director | 12,001 | 0.00% | Aug 18, 2026 |
| Anthony Anderson | Director | 2,014 | 0.00% | Aug 18, 2026 |
| Steven A. Mills | Director | 53,505 | 0.01% | Aug 18, 2026 |
| Jane H. Lute | Director | 1,657 | 0.00% | Aug 18, 2026 |
| Bruce D. Broussard | Director | 1,617 | 0.00% | Aug 18, 2026 |
| Jan Siegmund | Director | – | – | Aug 18, 2026 |
| Deborah C. Hopkins | Director | – | – | Aug 18, 2026 |
| Morton O. Schapiro | Director | 0 | – | Aug 18, 2026 |
| Tamara Ingram | Director | – | – | Aug 18, 2026 |
| Judith Hartmann | Director | 4,323 | 0.00% | Jun 3, 2026 |
| H. Edward Hanway | Director | 36,868 | 0.01% | Jun 3, 2026 |
| Peter Harrison | Director | 1,246 | 0.00% | Jun 3, 2026 |
| Oscar Fanjul | Director | 53,686 | 0.01% | May 15, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Katherine Brennan SVP and General Counsel | Sep 2, 2026 | Sale | −1,197 | $187.90 | $224.92K | 7,330 |
| Katherine Brennan SVP and General Counsel | Sep 2, 2026 | Option exercise | +1,197 | $83.05 | $99.41K | 8,527 |
| John Q. Doyle President and CEO | Sep 2, 2026 | Sale(10b5-1 plan) | −16,656 | $188.51 | $3.14M | 116,811 |
| John Q. Doyle President and CEO | Sep 2, 2026 | Option exercise | +16,656 | $73.20 | $1.22M | 133,467 |
| Bruce D. Broussard Director | Aug 15, 2026 | Award | +192 | $188.45 | $36.18K | 1,617 |
| Steven A. Mills Director | Aug 15, 2026 | Award | +194 | $188.45 | $36.56K | 5,952 |
| John Jude Jones Chief Marketing Officer | Aug 6, 2026 | Sale | −6,500 | $191.96 | $1.25M | 1,478 |
| Paul Beswick SVP, Chief Information Officer | Jul 29, 2026 | Sale(10b5-1 plan) | −713 | $198.00 | $141.17K | 16,376 |
| Martin South Chief Client Officer | Jul 28, 2026 | Sale | −7,100 | $189.99 | $1.35M | 16,632 |
| Lloyd M. Yates Director | Jul 23, 2026 | Sale | −12,000 | $175.65 | $2.11M | 12,001 |
| John Q. Doyle President and CEO | Jun 2, 2026 | Option exercise | +16,656 | $73.20 | $1.22M | 133,467 |
| John Q. Doyle President and CEO | Jun 2, 2026 | Sale(10b5-1 plan) | −16,656 | $161.71 | $2.69M | 116,811 |
| Steven A. Mills Director | Jun 1, 2026 | Award | +1,349 | $159.28 | $214.87K | 5,758 |
| Peter Harrison Director | Jun 1, 2026 | Tax withholding | −103.39 | $159.28 | $16.47K | 1,246 |
| Peter Harrison Director | Jun 1, 2026 | Award | +1,349.82 | $159.28 | $215.00K | 1,350 |
| H. Edward Hanway Director | Jun 1, 2026 | Award | +1,349 | $159.28 | $214.87K | 36,868 |
| Bruce D. Broussard Director | Jun 1, 2026 | Award | +1,349 | $159.28 | $214.87K | 1,425 |
| Judith Hartmann Director | Jun 1, 2026 | Award | +1,349 | $159.28 | $214.87K | 4,323 |
| Steven A. Mills Director | May 15, 2026 | Award | +264 | $160.60 | $42.40K | 4,409 |
| Patrick Tomlinson President and CEO, Mercer | Mar 15, 2026 | Option exercise | +1,228 | – | – | 4,883 |
| Patrick Tomlinson President and CEO, Mercer | Mar 15, 2026 | Tax withholding | −627 | $172.15 | $107.94K | 4,256 |
| John Jude Jones Chief Marketing Officer | Mar 11, 2026 | Sale | −2,362 | $173.61 | $410.07K | 7,978 |
| John Q. Doyle President and CEO | Mar 4, 2026 | Option exercise | +16,655 | – | – | 133,466 |
| John Q. Doyle President and CEO | Mar 4, 2026 | Sale(10b5-1 plan) | −16,655 | $183.30 | $3.05M | 116,811 |
| Nicholas Mark Studer President and CEO of OWG | Mar 3, 2026 | Sale | −3,837 | $184.03 | $706.12K | 32,536 |
| Martin South President & CEO, Marsh Risk | Feb 28, 2026 | Tax withholding | −8,006 | $186.74 | $1.50M | 23,651 |
| Martin South President & CEO, Marsh Risk | Feb 28, 2026 | Option exercise | +14,476 | – | – | 31,657 |
| Patrick Tomlinson President and CEO, Mercer | Feb 28, 2026 | Tax withholding | −1,139 | $186.74 | $212.70K | 3,655 |
| Patrick Tomlinson President and CEO, Mercer | Feb 28, 2026 | Option exercise | +2,219 | – | – | 4,794 |
| Stacy Mills Vice President and Controller | Feb 28, 2026 | Tax withholding | −1,277 | $186.74 | $238.47K | 4,151 |
| Stacy Mills Vice President and Controller | Feb 28, 2026 | Option exercise | +2,723 | – | – | 5,428 |
| Mark C. McGivney Chief Financial Officer | Feb 28, 2026 | Option exercise | +17,961 | – | – | 51,639 |
| Mark C. McGivney Chief Financial Officer | Feb 28, 2026 | Tax withholding | −9,170 | $186.74 | $1.71M | 42,469 |
| Dean Michael Klisura President & CEO, Guy Carpenter | Feb 28, 2026 | Option exercise | +9,383 | – | – | 30,318 |
| Dean Michael Klisura President & CEO, Guy Carpenter | Feb 28, 2026 | Tax withholding | −5,189 | $186.74 | $968.99K | 25,129 |
| Paul Beswick SVP, Chief Information Officer | Feb 28, 2026 | Tax withholding | −3,403 | $186.74 | $635.48K | 17,089 |
| Paul Beswick SVP, Chief Information Officer | Feb 28, 2026 | Option exercise | +6,970 | – | – | 20,492 |
| John Jude Jones Chief Marketing Officer | Feb 28, 2026 | Option exercise | +4,826 | – | – | 12,804 |
| John Jude Jones Chief Marketing Officer | Feb 28, 2026 | Tax withholding | −2,464 | $186.74 | $460.13K | 10,340 |
| John Q. Doyle President and CEO | Feb 28, 2026 | Tax withholding | −30,380 | $186.74 | $5.67M | 116,811 |
| John Q. Doyle President and CEO | Feb 28, 2026 | Option exercise | +59,510 | – | – | 147,191 |
| Katherine Brennan SVP and General Counsel | Feb 28, 2026 | Option exercise | +6,970 | – | – | 11,185 |
| Katherine Brennan SVP and General Counsel | Feb 28, 2026 | Tax withholding | −3,855 | $186.74 | $719.88K | 7,330 |
| Carmen Fernandez SVP, Chief People Officer | Feb 28, 2026 | Option exercise | +6,970 | – | – | 16,850 |
| Carmen Fernandez SVP, Chief People Officer | Feb 28, 2026 | Tax withholding | −3,855 | $186.74 | $719.88K | 12,995 |
| Nicholas Mark Studer President and CEO of OWG | Feb 28, 2026 | Option exercise | +8,044 | – | – | 36,373 |
| Steven A. Mills Director | Feb 15, 2026 | Award | +244 | $173.51 | $42.34K | 4,145 |
| John Q. Doyle President and CEO | Dec 1, 2025 | Option exercise | +21,079 | $63.09 | $1.33M | 108,760 |
| John Q. Doyle President and CEO | Dec 1, 2025 | Sale(10b5-1 plan) | −21,079 | $182.22 | $3.84M | 87,681 |
| Steven A. Mills Director | Nov 15, 2025 | Award | +231 | $183.28 | $42.34K | 3,901 |
| John Q. Doyle President and CEO | Sep 2, 2025 | Sale(10b5-1 plan) | −21,079 | $205.65 | $4.33M | 87,681 |
| John Q. Doyle President and CEO | Sep 2, 2025 | Option exercise | +21,079 | $63.09 | $1.33M | 108,760 |
| Steven A. Mills Director | Aug 15, 2025 | Award | +204 | $208.06 | $42.44K | 3,670 |
| Anthony Anderson Director | Jul 30, 2025 | Buy | +500 | $201.03 | $100.52K | 2,000 |
| Anthony Anderson Director | Jul 29, 2025 | Buy | +500 | $202.20 | $101.10K | 1,500 |
| John Q. Doyle President and CEO | Jun 2, 2025 | Sale(10b5-1 plan) | −21,080 | $232.05 | $4.89M | 87,681 |
| John Q. Doyle President and CEO | Jun 2, 2025 | Option exercise | +21,080 | $63.09 | $1.33M | 108,761 |
| Judith Hartmann Director | Jun 1, 2025 | Award | +929 | $231.27 | $214.85K | 2,974 |
| Steven A. Mills Director | Jun 1, 2025 | Award | +929 | $231.27 | $214.85K | 3,466 |
| H. Edward Hanway Director | Jun 1, 2025 | Award | +929 | $231.27 | $214.85K | 35,519 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| John Q. Doyle Officer, Director | Sep 2, 2026 | 16,656 | $3.14M | Sep 2, 2026 | Stock Option Exercise |
| Katherine Brennan Officer | Sep 2, 2026 | 1,197 | $224.91K | Sep 2, 2026 | Stock Option Exercise |
| John Jude Jones Officer | Aug 6, 2026 | 6,500 | $1.25M | Aug 6, 2026 | Restricted Stock Vesting |
| Paul Beswick Officer | Jul 29, 2026 | 713 | $141.17K | Jul 29, 2026 | Restricted Stock Vesting |
| Martin South Officer | Jul 28, 2026 | 7,100 | $1.35M | Jul 28, 2026 | Restricted Stock Vesting |
| Lloyd M. Yates Director | Jul 23, 2026 | 12,000 | $2.11M | Jul 23, 2026 | Restricted Stock Vesting |
| John Q. Doyle Officer, Director | Jun 2, 2026 | 16,656 | $2.69M | Jun 2, 2026 | Option Granted - 02/22/2017 |
| John Jude Jones Officer | Mar 11, 2026 | 2,362 | $410.07K | Mar 11, 2026 | Restricted Stock Vesting |
| John Q. Doyle Officer, Director | Mar 4, 2026 | 16,655 | $3.05M | Mar 4, 2026 | Option Granted 02/22/2017 |
| Nicholas Mark Studer Officer | Mar 3, 2026 | 3,837 | $706.12K | Mar 3, 2026 | Restricted Stock Vesting |
| John Q. Doyle Officer, Director | Dec 1, 2025 | 21,079 | $3.84M | Dec 1, 2025 | Option Granted 05/01/2016 |
| John Q. Doyle Officer, Director | Sep 2, 2025 | 21,079 | $4.33M | Sep 2, 2025 | Options Granted - 05/01/2016 |
| John Q. Doyle Officer, Director | Jun 2, 2025 | 21,080 | $4.89M | Jun 2, 2025 | Option Granted - 05/01/2016 |
| Paul Beswick Officer | Apr 3, 2025 | 2,237 | $550.30K | Apr 3, 2025 | Restricted Stock Vesting |
| Dean Michael Klisura Officer | Mar 31, 2025 | 9,569 | $2.34M | Mar 31, 2025 | Option Granted - 02/21/2018 |