Altogether, while several analysts acknowledge Marsh & McLennan’s demonstrated execution and defensiveness in challenging conditions, the prevalence of Neutral and Hold ratings alongside several price target cuts signals greater scrutiny over valuation and a desire for improved growth visibility. The consensus continues to see MMC as a high-quality operator, though near-term upside may be limited unless growth catalysts become clearer.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

• Marsh & McLennan Companies repurchased nearly 2 million shares between July and September 2025, investing $400 million in the buyback. Since 2010, the company has bought back more than 148 million shares, representing over 28% of its shares outstanding and totaling $12.45 billion.

• The company continues to pursue strategic acquisitions. CEO John Doyle stated on the latest earnings call that Marsh & McLennan will likely continue its “string of pearls” strategy, focusing on smaller to midsized deals that enhance both market presence and cultural alignment.

• Fair Value: Decreased from $228.53 to $218.21, reflecting a lower consensus estimate for the company’s intrinsic value.

• Discount Rate: Remained steady at 6.78%, indicating unchanged assumptions for risk and required return.

• Revenue Growth: Moderated from 5.96% to 5.37%. This signals tempered expectations for future top-line expansion.

• Net Profit Margin: Improved slightly from 17.45% to 17.68%. This suggests a minor enhancement in projected profitability.

• Future P/E: Declined from 25.62x to 23.60x. Analysts are now applying a lower valuation multiple to future earnings.

Narratives offer a smarter way to invest by connecting a company’s real-world story with financial forecasts and fair value estimates. On Simply Wall St’s Community page, millions use Narratives to share their perspectives, tying together the “why” behind a company’s numbers. By comparing a Narrative’s fair value to the current price, you can spot buy or sell opportunities as the story evolves. Narratives update automatically whenever key news or earnings are released, helping investors stay informed.

Head over to the original Marsh & McLennan Companies Narrative for the latest on:

• How rising global risk complexity and regulatory demands shape long-term growth prospects for Marsh & McLennan

• Whether strategic acquisitions and digital investments are boosting profitability and expanding the company’s market reach

• The risks and catalysts analysts are monitoring that could shift the fair value and investment case for MMC

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include MMC.

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