Zurich Insurance Group Ltd FI Has $47.20 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Zurich Insurance Group Ltd FI lessened its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,228 shares of the bank's stock after selling 43,486 shares during the period. Zurich Insurance Group Ltd FI owned about 0.86% of UMB Financial worth $47,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its position in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth $103,000. R Squared Ltd purchased a new stake in shares of UMB Financial during the fourth quarter worth $117,000. Finally, HighTower Advisors LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth $201,000. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Trading Down 0.2%

Shares of NASDAQ:UMBF opened at $106.86 on Tuesday. The company has a market cap of $8.11 billion, a P/E ratio of 11.89 and a beta of 0.72. The stock's 50-day moving average is $97.93 and its 200-day moving average is $109.92. UMB Financial Co. has a 52-week low of $78.56 and a 52-week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm's revenue was up 41.4% compared to the same quarter last year. During the same period last year, the business posted $2.47 earnings per share. Equities research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays cut their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Morgan Stanley cut their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Piper Sandler restated an "overweight" rating and set a $137.00 target price (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Finally, StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.33.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.45% of the stock is currently owned by company insiders.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.

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