Munich Reinsurance Co Stock Corp in Munich Purchases 186,286 Shares of Huntington Bancshares Incorporated $HBAN

Munich Reinsurance Co Stock Corp in Munich grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,178,309 shares of the bank’s stock after buying an additional 186,286 shares during the quarter. Huntington Bancshares accounts for about 2.1% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 12th largest holding. Munich Reinsurance Co Stock Corp in Munich owned about 0.26% of Huntington Bancshares worth $91,811,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Values First Advisors Inc. raised its position in Huntington Bancshares by 3.0% during the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after purchasing an additional 604 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after purchasing an additional 609 shares during the last quarter. Vestor Capital LLC raised its holdings in shares of Huntington Bancshares by 13.0% during the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock worth $88,000 after buying an additional 648 shares in the last quarter. Balboa Wealth Partners lifted its position in shares of Huntington Bancshares by 2.5% during the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after buying an additional 662 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Huntington Bancshares by 5.9% in the second quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock valued at $215,000 after buying an additional 679 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.03 on Friday. The stock has a market cap of $34.41 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $17.52 and its 200-day moving average is $16.78. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They issued an “overweight” rating and a $23.00 price target on the stock. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America reiterated a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, Robert W. Baird increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Insider Buying and Selling

In related news, EVP Marcy Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the transaction, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 262,061 shares of company stock valued at $4,549,432 over the last 90 days. 0.67% of the stock is owned by insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.