LMR Partners LLP bought a new stake in First Horizon National Corporation (NYSE:FHN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 120,269 shares of the financial services provider’s stock, valued at approximately $2,095,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of First Horizon National Corporation by 26.5% in the first quarter. LS Investment Advisors LLC now owns 20,112 shares of the financial services provider’s stock valued at $372,000 after buying an additional 4,210 shares during the last quarter. Summit Asset Management LLC raised its position in shares of First Horizon National Corporation by 1.3% in the first quarter. Summit Asset Management LLC now owns 98,992 shares of the financial services provider’s stock valued at $1,831,000 after buying an additional 1,264 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Horizon National Corporation by 263.4% in the first quarter. First Trust Advisors LP now owns 1,166,505 shares of the financial services provider’s stock valued at $21,580,000 after buying an additional 845,550 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of First Horizon National Corporation during the first quarter valued at approximately $191,000. Finally, Teachers Advisors LLC raised its position in shares of First Horizon National Corporation by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 223,563 shares of the financial services provider’s stock valued at $4,473,000 after buying an additional 10,376 shares during the last quarter. Institutional investors own 84.71% of the company’s stock.

Shares of First Horizon National Corporation (NYSE FHN) opened at 17.55 on Wednesday. The company has a market cap of $4.11 billion, a P/E ratio of 15.81 and a beta of 1.06. The firm’s 50-day moving average price is $17.57 and its 200 day moving average price is $18.29. First Horizon National Corporation has a 52 week low of $14.60 and a 52 week high of $20.84.

First Horizon National Corporation (NYSE:FHN) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The company had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that First Horizon National Corporation will post $1.10 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.05%. First Horizon National Corporation’s dividend payout ratio is currently 32.43%.

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Several research analysts have recently commented on FHN shares. Deutsche Bank AG reiterated a “hold” rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. Stephens reiterated a “hold” rating on shares of First Horizon National Corporation in a research report on Thursday, May 4th. Raymond James Financial, Inc. upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Hovde Group cut their price target on First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, July 10th. Finally, ValuEngine raised First Horizon National Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.57.

In related news, Director Vicki R. Palmer sold 5,211 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.65, for a total transaction of $91,974.15. Following the sale, the director now directly owns 57,818 shares in the company, valued at approximately $1,020,487.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.09% of the company’s stock.

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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