Virginia Retirement Systems ET AL raised its position in First Horizon National Corporation (NYSE:FHN) by 15.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 105,600 shares of the financial services provider’s stock after buying an additional 13,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in First Horizon National Corporation were worth $1,840,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in First Horizon National Corporation by 5,232.8% in the first quarter. BlackRock Inc. now owns 21,381,745 shares of the financial services provider’s stock worth $395,561,000 after buying an additional 20,980,798 shares during the last quarter. State Street Corp boosted its position in First Horizon National Corporation by 21.4% in the first quarter. State Street Corp now owns 13,353,169 shares of the financial services provider’s stock worth $247,028,000 after buying an additional 2,358,324 shares during the last quarter. Bank of New York Mellon Corp boosted its position in First Horizon National Corporation by 22.1% in the first quarter. Bank of New York Mellon Corp now owns 6,248,428 shares of the financial services provider’s stock worth $115,597,000 after buying an additional 1,132,844 shares during the last quarter. Schroder Investment Management Group boosted its position in First Horizon National Corporation by 38.9% in the first quarter. Schroder Investment Management Group now owns 3,991,543 shares of the financial services provider’s stock worth $75,320,000 after buying an additional 1,116,852 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in First Horizon National Corporation by 20.0% in the first quarter. JPMorgan Chase & Co. now owns 6,407,836 shares of the financial services provider’s stock worth $118,546,000 after buying an additional 1,066,846 shares during the last quarter. Hedge funds and other institutional investors own 85.08% of the company’s stock.

First Horizon National Corporation (NYSE FHN) opened at 17.32 on Thursday. First Horizon National Corporation has a 12 month low of $14.60 and a 12 month high of $20.84. The stock’s 50 day moving average price is $17.49 and its 200-day moving average price is $18.15. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 15.60 and a beta of 1.06.

First Horizon National Corporation (NYSE:FHN) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $328.37 million during the quarter, compared to analysts’ expectations of $331.27 million. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. Equities analysts anticipate that First Horizon National Corporation will post $1.10 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.09 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.08%. First Horizon National Corporation’s payout ratio is 32.43%.

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FHN has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. BidaskClub cut First Horizon National Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of First Horizon National Corporation in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.57.

In other news, Director Vicki R. Palmer sold 5,211 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $17.65, for a total value of $91,974.15. Following the completion of the sale, the director now owns 57,818 shares of the company’s stock, valued at approximately $1,020,487.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.09% of the stock is owned by company insiders.

About First Horizon National Corporation

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.

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

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