UMB Bank n.a. Has $9.99 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Key Points

• UMB Bank n.a. increased its holdings in Marsh & McLennan Companies, Inc. by 17.9% during the second quarter, acquiring a total of 45,678 shares valued at nearly $10 million.
• The company reported earnings per share of $2.72, surpassing estimates by $0.06, alongside a 12.1% year-over-year revenue growth to $6.97 billion.
• Marsh & McLennan recently declared a quarterly dividend of $0.90 per share, with an upcoming payout date on November 14, reflecting a 1.8% dividend yield.

UMB Bank n.a. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,678 shares of the financial services provider's stock after purchasing an additional 6,922 shares during the quarter. UMB Bank n.a.'s holdings in Marsh & McLennan Companies were worth $9,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth about $28,000. Activest Wealth Management lifted its position in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 111 shares during the period. City Holding Co. bought a new position in Marsh & McLennan Companies in the first quarter valued at about $37,000. Finally, Capital Analysts LLC raised its position in Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after acquiring an additional 64 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $0.25 during trading on Monday, hitting $197.03. 2,355,753 shares of the stock were exchanged, compared to its average volume of 2,258,575. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00. The company has a market cap of $96.86 billion, a PE ratio of 23.62, a P/E/G ratio of 2.47 and a beta of 0.81. The company has a fifty day moving average price of $205.22 and a two-hundred day moving average price of $218.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is 43.17%.

Analyst Ratings Changes

MMC has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 target price on the stock. Finally, Barclays lowered their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average target price of $238.76.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.