Marsh & McLennan faces Russell index exit, shares hold S&P 500 role

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-29, 14:18.

Marsh & McLennan (US5717481023) is being dropped from several Russell growth benchmarks this month, according to MarketScreener data on the NYSE-listed MRSH shares. The company remains part of the S&P 500, keeping its role in a major US index as investors reassess its valuation.

What the index changes show

MarketScreener reports that Marsh & McLennan shares were removed from the Russell 1000 Growth and Russell 3000E Growth benchmarks as part of the latest annual reconstitution. These changes typically drive passive flows as ETFs and index funds adjust their holdings around the Russell rebalance.

The same data set shows Marsh & McLennan last closing around 169.03 US dollars on the NYSE under the MRSH ticker, with the stock also referenced on European platforms at roughly 148.45 euros. The company continues to be listed among S&P 500 constituents in the corporate-services segment, anchoring it in a broad US equity benchmark.

Analyst stance and valuation

Analyst coverage compiled by MarketScreener highlights a cautious tone. Piper Sandler recently maintained a Neutral rating on Marsh & McLennan, joining other houses such as Goldman Sachs and Autonomous Research that also sit at Neutral with price targets clustered in the mid-to-high 170s. Goldman Sachs, for example, adjusted its target to 176 US dollars and kept a Neutral view earlier in June.

TradingKey data places Marsh & McLennan’s valuation score at 6.43, ranking 96th out of 117 insurance-industry peers. The stock’s current price around 182.70 US dollars, based on the June 26 close under the MMC symbol, translates into a trailing P/E ratio of 21.78, which is about 37 percent below a recent high multiple of 29.91 and modestly above the recent low near 21.

The business behind the stock

Marsh & McLennan generates most of its revenue from risk and insurance services under the Marsh brand and from consulting under Mercer, Oliver Wyman and Guy Carpenter. Marsh provides commercial insurance broking and risk advisory, while Mercer focuses on human-capital consulting and retirement solutions for corporate and institutional clients.

Where the stock trades today

Marsh & McLennan shares (US5717481023) last closed on June 26, 2026, on the NYSE at 182.70 US dollars, according to TradingKey’s MMC quote, with an associated market capitalization near 81.44 billion US dollars.

Disclaimer: This article provides general, fact-based information on Marsh & McLennan Companies, Inc. and its shares and does not constitute investment advice, a buy or sell recommendation, or any form of personal financial guidance.