Icon Advisers Inc. Co. trimmed its position in shares of First Horizon National Corporation (NYSE:FHN) by 32.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,000 shares of the financial services provider’s stock after selling 11,600 shares during the quarter. Icon Advisers Inc. Co.’s holdings in First Horizon National were worth $460,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of First Horizon National by 2.3% during the second quarter. Vanguard Group Inc. now owns 19,672,261 shares of the financial services provider’s stock valued at $342,691,000 after purchasing an additional 435,264 shares in the last quarter. State Street Corp boosted its stake in shares of First Horizon National by 6.4% during the second quarter. State Street Corp now owns 14,203,778 shares of the financial services provider’s stock valued at $247,425,000 after purchasing an additional 850,609 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of First Horizon National by 2.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,296,061 shares of the financial services provider’s stock valued at $235,470,000 after purchasing an additional 264,035 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Horizon National by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock worth $116,124,000 after acquiring an additional 258,298 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of First Horizon National by 6.3% in the second quarter. Franklin Resources Inc. now owns 5,884,000 shares of the financial services provider’s stock worth $102,499,000 after acquiring an additional 349,900 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

In other First Horizon National news, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total value of $64,785.00. Following the transaction, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William C. Losch III sold 45,107 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the transaction, the chief financial officer now directly owns 275,497 shares in the company, valued at $5,132,509.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,056 shares of company stock worth $1,010,022. Insiders own 2.09% of the company’s stock.

First Horizon National Corporation (NYSE FHN) opened at $18.44 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4,319.20, a P/E ratio of 17.56, a P/E/G ratio of 2.37 and a beta of 1.02. First Horizon National Corporation has a 12 month low of $15.84 and a 12 month high of $20.84.

First Horizon National (NYSE:FHN) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. During the same period in the previous year, the firm earned $0.27 earnings per share. analysts predict that First Horizon National Corporation will post 1.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, November 2nd. First Horizon National’s dividend payout ratio (DPR) is presently 32.14%.

A number of research firms recently commented on FHN. Raymond James Financial, Inc. raised First Horizon National from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, November 8th. UBS AG raised First Horizon National from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 8th. Hovde Group lifted their price objective on First Horizon National from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Zacks Investment Research raised First Horizon National from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price objective (up from $19.50) on shares of First Horizon National in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. First Horizon National presently has an average rating of “Hold” and a consensus target price of $20.22.

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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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