Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, MARSH & MCLENNAN COMPANIES, INC. insiders sold a net $12.0M of stock across 12 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-27.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 44.9% of the 2,705 shares held after it.
1 other insider sold within 30 days.
633 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Vice President and Controller Mills Stacy sold about $243.0K of MRSH under a 10b5-1 plan on Oct 23, 2026; 1 other insider sold within 30 days and 633 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 20.0% of the 20,935 shares held after it.
1 other insider sold within 30 days.
633 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President & CEO, Marsh RE Klisura Dean Michael sold about $838.8K of MRSH under a 10b5-1 plan on Oct 23, 2026; 1 other insider sold within 30 days and 633 funds added in the latest 13F quarter.
2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Jun 2, 2026.
The trade is 14.3% of the 116,811 shares held after it.
2 other insiders sold within 30 days.
633 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President and CEO Doyle John Q sold about $3.1M of MRSH under a 10b5-1 plan on Sep 2, 2026, the largest insider sale at the company on our record; 2 other insiders sold within 30 days and 633 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 16.3% of the 7,330 shares held after it.
2 other insiders sold within 30 days.
633 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP and General Counsel Brennan Katherine sold about $224.9K of MRSH on Sep 2, 2026; 2 other insiders sold within 30 days and 633 funds added in the latest 13F quarter.
1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Mar 11, 2026.
The trade is 439.8% of the 1,478 shares held after it.
5 other insiders sold within 30 days.
633 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Marketing Officer Jones John Jude sold about $1.2M of MRSH on Aug 6, 2026; 5 other insiders sold within 30 days and 633 funds added in the latest 13F quarter.
12 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
MRSH planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Klisura Dean Michael
Filed 2026-10-23
$838.8K
Mills Stacy
Filed 2026-10-23
$243.0K
Brennan Katherine
Filed 2026-09-02
$224.9K
Doyle John Q
Filed 2026-09-02
$3.1M
Jones John Jude
Filed 2026-08-06
$1.2M
MRSH mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Invesco KBW Property & Casualty Insurance ETF
$18.1M position · as of 2026-05-31
7.5%
Oakmark Select Fund
$470.2M position · as of 2026-06-30
5.7%
Artisan Select Equity Fund
$4.7M position · as of 2026-06-30
4.8%
American Century Focused Large Cap Value ETF
$15.9M position · as of 2026-05-31
4.5%
Select Insurance Portfolio
$24.4M position · as of 2026-05-31
4.2%
The Jensen Quality Growth Fund Inc
$121.6M position · as of 2026-05-31
4.1%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Government contracts
Award ceilings over the contract's life, subsidiaries included.
Not annual revenue (USASpending.gov).
Department Of Homeland Security
CONTRACTOR SUPPORT TO FACILITATE A PROPERTY OWNER'S INSURANCE AGENT OBTAINING FLOOD INSURANCE FOR TH · 2022-09-30
$97.3M
Pension Benefit Guaranty Corporation
INVESTMENT CONSULTING SERVICES · 2022-09-01
$6.0M
Federal awards ≥ $25M in the last 90 days, matched via the SAM.gov parent registry
Executive pay vs shareholder return · John QDoyle
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2023
$19.1M
$31.2M
$7.2M
+69%
+35%
2022
$30.9M
$23.2M
$8.1M
+46%
+21%
2021
$21.5M
$89.8M
$7.0M
+51%
+35%
2020
$19.7M
$19.0M
$6.3M
+7%
-2%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $12.0M sold by insiders over 180 days, 633 funds added last quarter, $5.8M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$28.5B
four quarters, 2025-10-01 to 2026-09-30
Revenue, TTM MRSH
FY Dec 2025
$27.0B
FY Dec 2024
$24.5B
FY Dec 2023
$22.7B
FY Dec 2022
$20.7B
FY Dec 2021
$19.8B
Sep 2026
$6.9B
Jun 2026
$7.4B
Mar 2026
$7.6B
Dec 2025
$6.6B
Sep 2025
$6.4B
Jun 2025
$7.0B
Mar 2025
$7.1B
Dec 2024
$6.1B
At each fiscal year end
Single quarter
Net margin, TTM
+14.2%
net income over revenue, 2025-10-01 to 2026-09-30
Net margin, TTM MRSH
FY Dec 2025
+15.4%
FY Dec 2024
+16.6%
FY Dec 2023
+16.5%
FY Dec 2022
+14.7%
FY Dec 2021
+15.9%
Sep 2026
+11.8%
Jun 2026
+17.1%
Mar 2026
+15.1%
Dec 2025
+12.4%
Sep 2025
+11.8%
Jun 2025
+17.4%
Mar 2025
+19.6%
Dec 2024
+13.0%
At each fiscal year end
Single quarter
Free cash flow, TTM
$4.2B
operating cash flow minus capex, 2025-10-01 to 2026-09-30
Free cash flow, TTM MRSH
FY Dec 2025
$5.0B
FY Dec 2024
$4.0B
FY Dec 2023
$3.8B
FY Dec 2022
$3.0B
FY Dec 2021
$3.1B
Sep 2026
$1.4B
Jun 2026
$1.5B
Mar 2026
-$750.0M
Dec 2025
$2.1B
Sep 2025
$2.0B
Jun 2025
$1.6B
Mar 2025
-$677.0M
Dec 2024
$1.9B
At each fiscal year end
Single quarter
Debt to equity
1.38x
long-term 2026-09-30 plus current 2026-09-30; equity 2026-09-30
Debt to equity MRSH
FY Dec 2025
1.28x
FY Dec 2024
1.47x
FY Dec 2023
1.09x
FY Dec 2022
1.07x
FY Dec 2021
0.98x
Sep 2026
1.38x
Jun 2026
1.33x
Mar 2026
1.39x
Dec 2025
1.28x
Sep 2025
1.27x
Jun 2025
1.23x
Mar 2025
1.44x
Dec 2024
1.47x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.22x
TTM operating cash flow over long-term 2026-09-30 plus current 2026-09-30
Cash flow to debt MRSH
FY Dec 2025
0.27x
FY Dec 2024
0.22x
FY Dec 2023
0.32x
FY Dec 2022
0.30x
FY Dec 2021
0.32x
Sep 2026
0.22x
Jun 2026
0.25x
Mar 2026
0.25x
Dec 2025
0.27x
Sep 2025
0.26x
Jun 2025
0.25x
Mar 2025
0.22x
Dec 2024
0.22x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+26.7%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on equity MRSH
FY Dec 2025
+28.8%
FY Dec 2024
+31.3%
FY Dec 2023
+32.5%
FY Dec 2022
+27.8%
FY Dec 2021
+30.7%
Sep 2026
+26.7%
Jun 2026
+25.3%
Mar 2026
+27.0%
Dec 2025
+28.8%
Sep 2025
+28.2%
Jun 2025
+27.9%
Mar 2025
+30.1%
Dec 2024
+31.3%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+6.8%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on assets MRSH
FY Dec 2025
+7.2%
FY Dec 2024
+7.8%
FY Dec 2023
+8.2%
FY Dec 2022
+6.9%
FY Dec 2021
+8.2%
Sep 2026
+6.8%
Jun 2026
+6.7%
Mar 2026
+6.8%
Dec 2025
+7.2%
Sep 2025
+7.6%
Jun 2025
+7.7%
Mar 2025
+7.7%
Dec 2024
+7.8%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+13.9%
operating income after a 23.3% effective tax rate, over long-term 2026-09-30 plus current 2026-09-30 plus average of 2025-09-30 and 2026-09-30 minus cash
Return on invested capital MRSH
FY Dec 2025
+15.1%
FY Dec 2024
+14.6%
FY Dec 2023
+17.7%
FY Dec 2022
+15.5%
FY Dec 2021
+16.9%
Sep 2026
+13.9%
Jun 2026
+13.3%
Mar 2026
+13.5%
Dec 2025
+15.1%
Sep 2025
+14.7%
Jun 2025
+14.1%
Mar 2025
+13.7%
Dec 2024
+14.6%
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+16.1%
operating income (EBIT proxy) over average of 2025-09-30 and 2026-09-30 minus current liabilities
Return on capital employed MRSH
FY Dec 2025
+16.7%
FY Dec 2024
+17.8%
FY Dec 2023
+19.4%
FY Dec 2022
+13.5%
FY Dec 2021
+13.5%
Sep 2026
+16.1%
Jun 2026
+15.6%
Mar 2026
+15.9%
Dec 2025
+16.7%
Sep 2025
+18.1%
Jun 2025
+17.7%
Mar 2025
+17.8%
Dec 2024
+17.8%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
23.62x
close 2026-10-23 over four quarters of diluted EPS, 2025-10-01 to 2026-09-30
P/E, trailing MRSH
FY Dec 2025
22.01x
FY Dec 2024
25.94x
FY Dec 2023
25.16x
FY Dec 2022
27.49x
FY Dec 2021
28.36x
Sep 2026
20.42x
Jun 2026
20.38x
Mar 2026
21.68x
Dec 2025
22.01x
Sep 2025
24.16x
Jun 2025
26.22x
Mar 2025
29.91x
Dec 2024
25.94x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$112.6B
market value at close 2026-10-23 on 2026-10-12 shares, plus long-term 2026-09-30 plus current 2026-09-30, minus cash 2026-09-30
Enterprise value MRSH
FY Dec 2025
$107.8B
FY Dec 2024
$121.9B
FY Dec 2023
$103.5B
FY Dec 2022
$92.1B
FY Dec 2021
$97.0B
Sep 2026
$100.2B
Jun 2026
$99.2B
Mar 2026
$103.0B
Dec 2025
$107.8B
Sep 2025
$116.1B
Jun 2025
$125.8B
Mar 2025
$138.8B
Dec 2024
$121.9B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+4.4%
TTM free cash flow over market value at close 2026-10-23
FCF yield MRSH
FY Dec 2025
+5.5%
FY Dec 2024
+3.8%
FY Dec 2023
+4.1%
FY Dec 2022
+3.6%
FY Dec 2021
+3.5%
Sep 2026
+5.1%
Jun 2026
+5.9%
Mar 2026
+5.9%
Dec 2025
+5.5%
Sep 2025
+4.9%
Jun 2025
+4.3%
Mar 2025
+3.5%
Dec 2024
+3.8%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
98.50x
P/E over trailing EPS growth of 0%: four quarters to 2026-09-30 against the four to 2025-09-30
PEG, trailing MRSH
FY Dec 2025
7.51x
FY Dec 2024
2.96x
FY Dec 2023
1.00x
FY Dec 2022
n/a
FY Dec 2021
0.51x
Sep 2026
85.16x
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
7.51x
Sep 2025
8.92x
Jun 2025
8.15x
Mar 2025
8.42x
Dec 2024
2.96x
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
MRSH ranks highest on profitability (77th percentile) and risk and compliance (76th), and lowest on insider conviction (15th), among Insurance peers.
Profitability
77
Inputs
Return on equity+26.7% · 83 pct, sector of 116
Return on assets+6.8% · 80 pct, sector of 122
Return on invested capital+13.9% · 58 pct, universe of 1,069
Return on capital employed+16.1% · 86 pct, universe of 3,236
Financial health
16
Inputs
Debt to equity1.38x · 7 pct, sector of 104
Cash flow to debt0.22x · 26 pct, sector of 97
Growth
53
Inputs
Revenue growth, YoY+10.3% · 53 pct, sector of 134
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
15
Inputs
Net Form 4 buying (codes P and S), 180d-$7.8M · 30 pct, sector of 100
Insider buyers, 180d0 · 0 pct, sector of 101
Institutional and government
60
Inputs
Funds adding, latest quarter633 · 91 pct, sector of 108
Congress net buyers, 365d-1 · 11 pct, universe of 719
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quarters$2.0M · 79 pct, sector of 35
Risk and compliance
76
Inputs
Short interest, % of float+1.3% · 83 pct, sector of 138
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+7.4% · 69 pct, sector of 110
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MRSH filings, in plain words
Are Marsh & Mclennan Companies insiders buying or selling MRSH?
In the 180 days to 2026-10-27, Marsh & Mclennan Companies insiders were net sellers, a net $12.0M across purchases and sales reported on Form 4, by 8 sellers.
Have members of Congress traded MRSH?
Yes. In the year to 2026-10-27, 0 House members disclosed buying MRSH and 1 House member disclosed selling it; the latest on record is a sale by Kevin Hern dated 2026-09-23.
Are there planned insider sales of MRSH?
Yes. 6 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $5.8M of stock; the latest, by Klisura Dean Michael, was filed 2026-10-23.
Read the full summary
In the 180 days to 2026-10-27, Marsh & Mclennan Companies insiders were net sellers of MRSH, a net $12.0M across purchases and sales reported on Form 4 by 8 sellers. 33% of the 9 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. In the year to 2026-10-27, 0 members of Congress disclosed buying MRSH and 1 member disclosed selling it; the latest on record is a sale by Kevin Hern dated 2026-09-23. Insiders filed 6 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $5.8M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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