MRSH Marsh

XNYS 188.44 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MRSH $188.44 —
Key stats
$188.44
52-Week Range
$156.60 – $198.49
YTD
+2.82%
IV Rank (30D)
21.78
Straddle Price
$10.65
P/C Vol Ratio
7.08
Market Cap
$89.0B
Open
$187.60
Day Range
$186.53 – $189.96
Volume
2,767,457
Prev Close
$186.54
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.21%
Beta vs SPY0.53
Cost of Equity (CAPM)7.85% (VRP-adj)
WACC7.41%
Volatility Risk Premium+12.9pp (IV − HV30)
Effective Tax Rate23.9%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$4.8B
Return on Equity (TTM)26.2%
Book / Price16.9%
Gross Margin (TTM)100.0%
FCF Margin (TTM)17.1%
Debt / Equity1.22
Quality Score3/6 — normal (10y DCF)
Market-Implied Growth+3.9% (reverse-DCF on current price)
SMA 50$181.38 (Market Anchor value)
SMA 20 / Bollinger Mid$173.40
Bollinger Width / SMA205.5% (drives anchor stability)
Net Debt$17.2B
Market Cap$91B
Peers used for multiples: AJG, AON, BRO, CB, CINF, PGR, TRV, WTW
60-Day Conviction
40%
20-Day Fair Value
≈ by Nov 16, 2026
$189.99
α +0.9% rank 0%
conviction
53%
40-Day Fair Value
≈ by Dec 15, 2026
$192.64
α +2.3% rank 5%
conviction
67%
60-Day Fair Value
≈ by Jan 13, 2027
$190.19
α +1.0% rank 3%
conviction
40%
MethodImplied PriceWeightDetail
DCF $174.96 0%
DDM (Gordon) $80.29 17%
Peer P/E $113.74 9% median 13.5× · 8 peers
Peer EV/EBITDA $128.39 9% median 11.2× · 8 peers
Peer P/B $77.95 2% median 2.5× · 8 peers
Peer P/S $144.81 6% median 2.5× · 8 peers
Market Anchor (SMA50) $181.38 42% stability 100% (BB-width)
Options Expected (B-L 30d) $184.50 14% 13 strikes · skew -1.65
As of 2026-10-16 · updated
About
Industry (SIC)
INSURANCE AGENTS, BROKERS & SERVICE (6411) · industry map
Exchange
XNYS
Market Cap
$89.0B
Employees
55,700
List Date
1969-06-04
CIK
0000062709
Headquarters
New York, NY
Homepage
https://www.corporate.marsh.com

Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the US.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'26Avg
Jan2.68%2.68%
Feb-0.80%-0.80%
Mar-6.96%-6.96%
Apr-2.42%-2.42%
May-3.74%-3.74%
Jun2.53%2.53%
Jul9.92%9.92%
Aug-1.58%-1.58%
Sep-8.98%-8.98%
Oct9.60%*9.60%
Nov----
Dec----
Total-1.50%-1.50%
* Only 1 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $174.07
SMA 50: $181.28
SMA 200: —
Current: $188.35
EMA 12: $178.53
EMA 26: $177.54
MACD: 0.9819 | Signal: 2.2269
BEARISH
ADX (14): 29.18
TREND
+DI: 34.48
−DI: 16.03

Momentum Oscillators

RSI (14): 71.31
OVERBOUGHT
Stoch %K: 87.66
Stoch %D: 88.41
Williams %R: -10.95

Volume & Volatility

BB Upper: $184.56
BB Lower: $163.58
OVERBOUGHT
OBV: 37,016,898
Vol SMA 20: 2,871,881
Vol ROC: -5.47%
ATR: $3.97
True Range: $3.43
HV 20: 20.8%
HV 30: 22.5%
HV 60: 23.8%

Data Summary

Data Points: 191
Last Updated:
Date Range: 2026-01-14T00:00:00 – 2026-10-16T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: MRSH CURRENT PRICE: $168.68

Executive Summary Overall Assessment: NEUTRAL (Confidence Level: 6/10) Key Drivers: Recent news headlines, technical signals from trend indicators and momentum oscillators. Primary Risks: Volatility, potential breakouts or breakdowns at critical price levels.

The investment thesis is that MRSH's recent sustainability-focused news headlines may have a positive impact on the stock price, but the overall market sentiment remains neutral. The analysis will highlight key technical signals, news sentiment, and risk metrics to inform investors' decisions.

Technical Analysis Trend Direction: Range-bound (Short-term: Neutral, Medium-term: Bearish)

  • Support/Resistance Levels: $163.39 (SMA 20), $169.38 (Upper Bollinger Band)
  • Momentum Signals:
    • RSI: 56.82 (Neutral) - no oversold or overbought conditions
    • MACD: Bearish signal, -0.00 / Signal: 1.20 / Histogram: -1.21
    • Bollinger Bands: Neutral signal, with a squeeze occurring
  • Volume Analysis: Volume SMA 20: 2787889.30 ( decreasing), indicating a potential distribution

News & Sentiment Analysis Recent Headlines Summary: Three recent news articles highlighted positive developments in the sustainability and corporate risk broking sectors.

  • Sentiment Assessment: NEUTRAL, with two neutral headlines and one positive headline.
  • Catalyst Identification: No imminent earnings or events scheduled.
  • Market Narrative: Recent news aligns with the stock's current trading range.

Risk & Volatility Assessment Beta Interpretation: -0.27 (Negative beta) - Stock moves opposite to market

  • Volatility Regime: High volatility, IV Premium vs HV30: 88.6% (positive)
  • Options Market Signals: Medium IV Rank, Put/Call Volume Ratio: 1.22 (Neutral sentiment), Put/Call OI Ratio: 0.31
  • Downside Protection: Support levels at $163.39 and $157.39 (Lower Bollinger Band)

Market Context & Positioning Sector Performance: Mixed performance within the sector. Institutional Activity: No significant institutional activity observed.

Key Levels & Action Items Critical Price Levels: $163.39 (SMA 20), $169.38 (Upper Bollinger Band) Breakout/Breakdown Levels: None identified. Time-Sensitive Catalysts: None scheduled. Risk Management: Stop-loss levels at $160.00 and position sizing considerations.

This comprehensive analysis highlights the neutral sentiment surrounding MRSH's recent news headlines, mixed technical signals, and volatility-driven market conditions. The report provides actionable insights for investors to consider when evaluating potential investment opportunities in this stock.

Generated
News
All MRSH news →
Earnings History
2 of 4 under expected move
Avg Expected Move
5.07%
Avg Actual Move
3.67%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-01-29 Pre-Market 5.47% 5.47% 1.00x Within
2026-04-16 Pre-Market 3.76% 4.39% 1.17x Exceeded
2026-07-21 Pre-Market 7.83% 0.28% 0.04x Within
2026-10-15 Pre-Market 3.21% 4.56% 1.42x Exceeded

Earnings calendar: this week’s reports with expected vs actual moves →

MRSH Options Activity & IV Rank

MRSH IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 23.1%
7-DTE IV: —
Expected Move: $10.65
7-DTE Move: $2.40
Days to Exp: 35 (2026-11-20)

Options Flow

Call Volume: 290
Put Volume: 2,053
P/C Volume: 7.079
BEARISH
Call OI: 662
Put OI: 297
P/C OI: 0.449
Total OI: 959

ATM Options Pricing

ATM Call: $4.90
ATM Put: $5.75
Call %: 2.6%
Put %: 3.1%

Chain Summary

Chain Volume: 8,000
Chain OI: 17,743
Last Updated: 10/16/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 80th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
80%
vs own history
GEX tilt
+0.57
OI-weighted, today
Vanna tilt
+0.43
δ-sensitivity to IV
Charm tilt
-0.50
δ-decay vs time
Vanna tilt +0.43: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.50: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 28 ATM contracts, 3k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d 18%
+5.1 pts EXTREME
ATM 22.5% / Wing 27.6%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)21.8LowOct 16
Straddle Price (30 DTE)$10.65Oct 16
Beta Analysis

Risk Metrics

Beta: -0.4026
Alpha: 13.08%
Correlation: -0.1943
R-Squared: 3.8%
Stock Volatility: 27.4%
Market Volatility: 13.2%

Analysis Details

Benchmark: SPY
Data Points: 190
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own MRSH
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Markel Group Holding company
Tom Gayner
$127.3M
0.97%
#32 of 1300.0%13F
Citadel Hedge fund
Ken Griffin
$38.5M
0.02%
#816 of 6285+69.1%13F
Rockefeller Capital Management Family office
Rockefeller family
$11.9M
0.02%
#666 of 4729-4.2%13F
Millennium Management Hedge fund
Izzy Englander
$11.9M
0.01%
#1460 of 3716-10.7%13F
Bridgewater Associates Hedge fund
Ray Dalio
$3.0M
0.01%
#591 of 997new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

MRSH Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 489,000,000 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

1,569 filers486,799,322 shares$82.07B value99.55% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 46,589,633 $8.64B 10.53% 9.53% 2025-12-31
2 BlackRock, Inc. Custodian 39,502,046 $6.58B 8.02% 8.08% 2026-06-30
3 Vanguard Capital Management LLC 31,472,575 $5.25B 6.39% 6.44% 2026-06-30
4 State Street Corp 22,401,676 $3.73B 4.55% 4.58% 2026-06-30
5 Capital World Investors 18,122,340 $3.02B 3.68% 3.71% 2026-06-30
6 Wellington Management Group LLP Custodian 16,975,238 $2.83B 3.45% 3.47% 2026-06-30
7 Capital International Investors 15,729,457 $2.62B 3.19% 3.22% 2026-06-30
8 Geode Capital Management, LLC Custodian 13,510,274 $2.25B 2.74% 2.76% 2026-06-30
9 T. Rowe Price Associates, Inc. 13,438,662 $2.24B 2.73% 2.75% 2026-06-30
10 Vanguard Portfolio Management LLC 12,570,512 $2.10B 2.55% 2.57% 2026-06-30
11 Capital Research Global Investors 10,973,649 $1.83B 2.23% 2.24% 2026-06-30
12 HARRIS ASSOCIATES L P 8,687,496 $1.45B 1.76% 1.78% 2026-06-30
13 Artisan Partners Limited Partnership 7,269,246 $1.21B 1.48% 1.49% 2026-06-30
14 FMR LLC Custodian 6,954,123 $1.16B 1.41% 1.42% 2026-06-30
15 Massachusetts Financial Services Co 6,507,415 $1.09B 1.33% 1.33% 2026-06-30
16 Morgan Stanley Custodian 6,314,085 $1.05B 1.28% 1.29% 2026-06-30
17 Norges Bank 6,255,525 $1.04B 1.27% 1.28% 2026-06-30
18 Ameriprise Financial, Inc. Custodian 5,535,138 $922.15M 1.12% 1.13% 2026-06-30
19 Northern Trust Corp Custodian 4,888,165 $814.71M 0.99% 1.00% 2026-06-30
20 JPMorgan Chase & Co Custodian 4,730,329 $788.59M 0.96% 0.97% 2026-06-30
21 Clearbridge Investments, LLC 4,705,966 $784.32M 0.96% 0.96% 2026-06-30
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 4,597,647 $766.29M 0.93% 0.94% 2026-06-30
23 Invesco Ltd. Custodian 4,305,773 $717.64M 0.87% 0.88% 2026-06-30
24 Goldman Sachs Group Inc Custodian 4,228,626 $704.79M 0.86% 0.86% 2026-06-30
25 Arrowstreet Capital, Limited Partnership 4,170,110 $695.03M 0.85% 0.85% 2026-06-30
18 filers$110.05M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $23.83M 21.66% 2026-06-30
2 Jane Street Group, LLC Custodian $22.40M 20.35% 2026-06-30
3 Susquehanna International Group, LLP Custodian $18.63M 16.93% 2026-06-30
4 IMC-Chicago, LLC Custodian $11.98M 10.89% 2026-06-30
5 Twin Tree Management, LP $7.00M 6.36% 2026-06-30
6 Wolverine Trading, LLC Custodian $5.59M 5.08% 2025-09-30
7 Cubist Systematic Strategies, LLC $4.31M 3.92% 2025-09-30
8 Squarepoint Ops LLC $3.50M 3.18% 2026-06-30
9 Simplex Trading, LLC Custodian $2.48M 2.26% 2026-06-30
10 CAPITAL FUND MANAGEMENT S.A. $1.88M 1.71% 2026-06-30
11 Walleye Capital LLC $1.70M 1.54% 2026-06-30
12 Volterra Technologies LP $1.68M 1.53% 2026-06-30
13 Allianz Asset Management GmbH $1.65M 1.50% 2026-06-30
14 CAPSTONE INVESTMENT ADVISORS, LLC $1.52M 1.38% 2026-06-30
15 TUDOR INVESTMENT CORP ET AL $783.35K 0.71% 2026-06-30
16 READYSTATE ASSET MANAGEMENT LP $500.01K 0.45% 2026-06-30
17 GROUP ONE TRADING LLC Custodian $350.01K 0.32% 2026-06-30
18 Walleye Trading LLC $250.00K 0.23% 2026-06-30
17 filers$48.75M notional
# Filer Notional Value % of Total Period
1 Wolverine Trading, LLC Custodian $12.91M 26.49% 2025-09-30
2 Susquehanna International Group, LLP Custodian $12.40M 25.44% 2026-06-30
3 IMC-Chicago, LLC Custodian $5.73M 11.76% 2026-06-30
4 CAPSTONE INVESTMENT ADVISORS, LLC $3.82M 7.83% 2026-06-30
5 Lido Advisors, LLC $2.72M 5.57% 2026-06-30
6 Allianz Asset Management GmbH $2.35M 4.82% 2026-06-30
7 Jane Street Group, LLC Custodian $2.07M 4.24% 2026-06-30
8 GROUP ONE TRADING LLC Custodian $1.68M 3.45% 2026-06-30
9 Cubist Systematic Strategies, LLC $1.05M 2.15% 2025-09-30
10 Squarepoint Ops LLC $1.03M 2.12% 2026-06-30
11 Citadel Advisors LLC Custodian $983.35K 2.02% 2026-06-30
12 READYSTATE ASSET MANAGEMENT LP $916.68K 1.88% 2026-06-30
13 Walleye Capital LLC $683.35K 1.40% 2026-06-30
14 Two Sigma Investments, LP Custodian $233.34K 0.48% 2026-06-30
15 Volterra Technologies LP $100.00K 0.21% 2026-06-30
16 SIGNATUREFD, LLC $36.55K 0.07% 2026-06-30
17 Simplex Trading, LLC Custodian $33.33K 0.07% 2026-06-30

MRSH Insider Trading (Form 4)

Latest: 2026-09-03
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-03 Katherine Brennan SVP and General Counsel Mixed — $135.47 -$125.5K EDGAR
2026-09-03 John Q Doyle President and CEO Mixed — $130.85 -$1.92M EDGAR
2026-08-18 Deborah C Hopkins Director Other (J) +112 RSU — EDGAR
2026-08-18 Lloyd M Yates Director Mixed +288 RSU — EDGAR
2026-08-18 Anthony Anderson Director Other (J) +89 RSU — EDGAR
2026-08-18 Morton O Schapiro Director Mixed +692 RSU — EDGAR
2026-08-18 Jan Siegmund Director Other (J) +12 RSU — EDGAR
2026-08-18 Steven A Mills Director Award (A) +194 $188.45 $36.6K EDGAR
2026-08-18 Bruce D Broussard Director Award (A) +192 $188.45 $36.2K EDGAR
2026-08-18 Tamara Ingram Director Other (J) +47 RSU — EDGAR
2026-08-18 Jane H Lute Director Mixed +190 RSU — EDGAR
2026-08-07 John Jude Jones Chief Marketing Officer Sell (S) −6,500 $191.96 -$1.25M EDGAR
2026-08-07 John Jude Jones Chief Marketing Officer Sell (S) −6,500 $191.96 -$1.25M EDGAR
2026-07-31 Paul Beswick SVP, Chief Information Officer Sell (S) −713 $198.00 -$141.2K EDGAR
2026-07-29 Martin South Chief Client Officer Sell (S) −7,100 $189.99 -$1.35M EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

MRSH Insider Holdings

18 insiders · @ $188.35
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 John Q Doyle President and CEO 116,811 $22.00M -$8.89M 6 2026-09-03
2 Steven A Mills Director 53,504 $10.08M $0 4 2026-08-18
3 Mark C McGivney EVP, CFO and COO 51,639 $9.73M $0 3 2026-05-01
4 H Edward Hanway Director 36,867 $6.94M $0 1 2026-06-03
5 Nicholas Mark Studer President and CEO Marsh Risk 32,536 $6.13M -$706.1K 5 2026-05-01
6 Dean Michael Klisura President & CEO, Guy Carpenter 25,129 $4.73M $0 3 2026-05-01
7 Carmen Fernandez SVP, Chief People Officer 17,132 $3.23M $0 3 2026-05-01
8 Martin South Chief Client Officer 16,631 $3.13M -$1.35M 4 2026-07-29
9 Paul Beswick SVP, Chief Information Officer 16,376 $3.08M -$141.2K 4 2026-07-31
10 Lloyd M Yates Director 12,000 $2.26M -$2.11M 5 2026-08-18
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

MRSH Proposed Insider Sales (Form 144)

Latest: 2026-08-06
Last 30d: 0 filings  ·  Last 90d: 4 filings · $4.8M notice value · 4 unique filers · 25% under 10b5-1 plans

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Yates Lloyd M (1, $2.1M) · South Martin (1, $1.3M) · Jones John Jude (1, $1.2M) · Beswick Paul (1, $141K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-06 Jones John Jude Officer 6,500 $1.25M 2026-08-06 Fidelity Brokerage Services LLC — EDGAR
2026-07-29 Beswick Paul Officer 713 $141.2K 2026-07-29 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-07-28 South Martin Officer 7,100 $1.35M 2026-07-28 Fidelity Brokerage Services LLC — EDGAR
2026-07-23 Yates Lloyd M Director 12,000 $2.11M 2026-07-23 Fidelity Brokerage Services LLC — EDGAR
2026-06-02 Doyle John Q Officer, Director 16,656 $2.69M 2026-06-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-03-11 Jones John Jude Officer 2,362 $410.1K 2026-03-11 Fidelity Brokerage Services LLC — EDGAR
2026-03-04 Doyle John Q Officer, Director 16,655 $3.05M 2026-03-04 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-03-03 Studer Nicholas Mark Officer 3,837 $706.1K 2026-03-03 Fidelity Brokerage Services LLC — EDGAR
2025-12-01 Doyle John Q Officer, Director 21,079 $3.84M 2025-12-01 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2025-09-02 Doyle John Q Officer, Director 21,079 $4.33M 2025-09-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-06-04 0000062709-26-000167 EDGAR
2026-05-22 0000062709-26-000128 EDGAR
2026-04-16 0000062709-26-000096 EDGAR
2026-04-14 0000950103-26-005674 EDGAR
2026-03-10 0000062709-26-000071 EDGAR
2026-02-25 0000062709-26-000035 EDGAR
2026-02-19 0001193125-26-059544 EDGAR
2026-01-29 0000062709-26-000014 EDGAR
2026-01-14 0000062709-26-000008 EDGAR
2025-10-16 0000062709-25-000123 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-09 0000062709-26-000022 EDGAR
2025-02-10 0000062709-25-000015 EDGAR
2024-02-12 0000062709-24-000016 EDGAR
2023-02-13 0000062709-23-000014 EDGAR
2022-02-16 0000062709-22-000009 EDGAR
2021-02-17 0000062709-21-000008 EDGAR
2020-02-20 0000062709-20-000010 EDGAR
2019-02-21 0000062709-19-000010 EDGAR
2018-02-22 0000062709-18-000007 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-04-16 0000062709-26-000098 EDGAR
2025-10-16 0000062709-25-000125 EDGAR
2025-07-17 0000062709-25-000069 EDGAR
2025-04-17 0000062709-25-000028 EDGAR
2024-10-17 0000062709-24-000092 EDGAR
2024-07-18 0000062709-24-000071 EDGAR
2024-04-18 0000062709-24-000037 EDGAR
2023-10-19 0000062709-23-000096 EDGAR
2023-07-20 0000062709-23-000075 EDGAR
2023-04-20 0000062709-23-000036 EDGAR
ETF Holders
337 ETFs hold MRSH
25 shown · $11.35B total exposure · 0.18% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.11% $2.6B — 2026-09-30
2 VOO Vanguard S&P 500 ETF Vanguard 0.12% $2.1B — 2026-09-30
3 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.13% $1.1B $890.0B 2026-10-14
4 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.13% $1.0B $812.7B 2026-10-14
5 VTV Vanguard Morningstar Value ETF Vanguard 0.31% $775.9M — 2026-09-30
6 XLF State Street® Financial Select Sector SPDR® ETF SPDR (State Street) 1.11% $562.7M $50.8B 2026-10-14
7 VIG Vanguard Dividend Appreciation ETF Vanguard 0.36% $461.0M — 2026-09-30
8 VYM Vanguard High Dividend Yield ETF Vanguard 0.35% $334.9M — 2026-09-30
9 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.13% $234.3M $183.2B 2026-10-14
10 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.20% $199.5M — 2026-10-14
11 USMV iShares MSCI USA Min Vol Factor ETF iShares (BlackRock) 0.84% $198.1M $23.9B 2026-10-14
12 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.23% $192.3M $83.8B 2026-10-14
13 DGRO iShares Core Dividend Growth ETF iShares (BlackRock) 0.41% $177.8M $43.8B 2026-10-14
14 FTCS First Trust Capital Strength® ETF First Trust 1.95% $147.5M $7.6B 2026-10-14
15 IVE iShares S&P 500 Value ETF iShares (BlackRock) 0.29% $141.4M $49.9B 2026-10-14
16 VFH Vanguard Financials ETF Vanguard 0.98% $135.9M — 2026-09-30
17 QUAL iShares MSCI USA Quality Factor ETF iShares (BlackRock) 0.25% $123.3M $49.0B 2026-10-14
18 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.11% $110.6M $97.1B 2026-10-14
19 DGRW WisdomTree U.S. Quality Dividend Growth Fund Nport 0.65% $108.7M — 2026-06-30
20 SPYV State Street® SPDR® Portfolio S&P 500® Value ETF SPDR (State Street) 0.29% $104.8M $36.7B 2026-10-14
21 NUDG Nuveen Dividend Growth Fund Nport 1.61% $102.4M — 2026-07-31
22 VV Vanguard Morningstar Large-Cap ETF Vanguard 0.13% $96.0M — 2026-09-30
23 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.10% $88.0M — 2026-10-14
24 SCHX Schwab U.S. Large-Cap ETF Nport 0.11% $82.1M — 2026-05-31
25 IUSV iShares Core S&P U.S. Value ETF iShares (BlackRock) 0.27% $75.1M $28.0B 2026-10-14
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
22.56
TTM Diluted EPS
$8.35
TTM Revenue
$28.46B
TTM Net Income
$4.04B
TTM Op. Cash Flow
$4.47B
Quarterly figures (3 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q3 '262026-09-30$6.86B$808.00M$1.69$1.48B
Q2 '262026-06-30$7.40B$1.27B$2.63$1.52B
Q1 '262026-03-31$7.60B$1.15B$2.36$-688.00M
Q3 2026 • period ending 2026-09-30 • filed 2026-10-15
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
23.03
P/B
5.97
P/S
3.30
EV/EBITDA
15.73
EV/Sales
3.91
ROE
25.8%
ROA
6.7%
Div Yield
2.02%
FCF Yield
5.51%
Debt/Equity
1.22
Current Ratio
—
Market Cap
$92.10B
as of 2026-10-16
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
6.35M
SI % of Float
1.33%
Days to Cover
1.87
Short Vol Ratio
66.4%
Free Float
476.45M
Float %
99.8%
Short interest 2026-09-30 • Short volume 2026-10-16 • Float 2026-08-24