WallStSmart
MRSH

Marsh & McLennan Companies, Inc.

NYSE: MRSH · FINANCIAL SERVICES · INSURANCE BROKERS

$170.83
+0.01% today

Updated 2026-04-29

Market cap
$81.95B
P/E ratio
21.29
P/S ratio
2.98x
EPS (TTM)
$7.99
Dividend yield
2.07%
52W range
$164 – $231
Volume
3.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Marsh & McLennan Companies, Inc. (MRSH) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$170.83
Consensus
$205.44
+20.26%
2030 Target
$873.05
+411.06%
DCF
—
—
9 analysts:
2 Buy6 Hold1 Sell

Management guidance

Management has not provided explicit revenue targets through 2030 in available guidance. However, the company expects a 4.4% revenue increase in 2026 and is executing its 'Thrive program' for efficiency gains and market expansion. The company is strategically expanding into private markets (AltamarCAM acquisition, €20B AUM) and leveraging AI capabilities (Network Navigator healthcare technology) to drive growth.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,449.26
$35.6B Rev × 20x P/S
Base case (2030)
$873.05
$35.6B Rev × 12x P/S
Bear case (2030)
$576.21
$35.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$22.7B$24.5B$27.0B$28.9B$30.3B$31.9B$33.7B$35.6B
Revenue growth—7.6%10.3%6.9%5.1%5.4%5.5%5.6%
EPS$7.98$8.54$9.48$10.60$11.56$12.35$13.18$14.08
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$698.44$750.82$785.75$820.67$873.05

Catalysts & risks

Growth catalysts
+ Expansion of private markets platform through AltamarCAM acquisition (€20B AUM, closing H2 2026)
+ AI-driven efficiency initiatives (Network Navigator, digital infrastructure investments) improving margins
+ Continued M&A in insurance brokerage consolidation (Robinson Son acquisition completed, organic integration)
+ Growing demand for risk management and consulting services in digital/AI infrastructure sectors
Key risks
- AI disruption to traditional insurance brokerage model (recent sector selloff, AI agents threat to brokers)
- Macroeconomic slowdown reducing corporate demand for risk management and consulting services
- High debt burden (Debt/Equity 1.42, LT Debt/Equity 1.31) limiting financial flexibility
- Rising operating costs and expense pressures offsetting revenue growth
- Competitive pricing pressures in core insurance brokerage business

Methodology

Marsh & McLennan Companies, Inc.'s forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.