First Horizon National Corporation (FHN) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its position in First Horizon National Corporation (NYSE:FHN) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,152 shares of the financial services provider’s stock after acquiring an additional 11,953 shares during the quarter. Sei Investments Co.’s holdings in First Horizon National were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FHN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in First Horizon National by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 676 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in First Horizon National by 7.3% in the second quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 757 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in First Horizon National by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 286 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of First Horizon National by 63.2% during the second quarter. Riverhead Capital Management LLC now owns 13,383 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 5,183 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of First Horizon National by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 13,800 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 89.03% of the company’s stock.

First Horizon National Corporation (NYSE:FHN) traded up $0.09 during trading hours on Thursday, hitting $20.02. The company had a trading volume of 4,037,300 shares, compared to its average volume of 688,782. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94. First Horizon National Corporation has a fifty-two week low of $18.68 and a fifty-two week high of $45.00. The firm has a market capitalization of $4,668.21, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03.

First Horizon National (NYSE:FHN) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National had a return on equity of 9.40% and a net margin of 19.36%. The business had revenue of $337.00 million for the quarter, compared to analysts’ expectations of $340.48 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. equities research analysts expect that First Horizon National Corporation will post 1.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 2nd. First Horizon National’s dividend payout ratio (DPR) is 32.14%.

In related news, Director R Brad Martin sold 5,449 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $19.25, for a total value of $104,893.25. Following the transaction, the director now owns 482,188 shares in the company, valued at $9,282,119. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total value of $64,785.00. Following the completion of the transaction, the chief financial officer now owns 233,890 shares in the company, valued at approximately $4,329,303.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,056 shares of company stock worth $1,010,022. Insiders own 2.09% of the company’s stock.

FHN has been the topic of a number of recent research reports. Raymond James Financial boosted their price objective on First Horizon National from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. ValuEngine cut First Horizon National from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. UBS upgraded First Horizon National from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded First Horizon National from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, J P Morgan Chase & Co restated a “buy” rating and set a $20.00 price objective on shares of First Horizon National in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.75.

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About First Horizon National

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

Institutional Ownership by Quarter for First Horizon National (NYSE:FHN)

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