Mutual of America Capital Management LLC lowered its stake in First Horizon National Corporation (NYSE:FHN) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,946 shares of the financial services provider’s stock after selling 2,858 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of First Horizon National Corporation worth $3,618,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Horizon National Corporation 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 buying an additional 676 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of First Horizon National Corporation in the first quarter valued at $189,000. Greenwood Capital Associates LLC increased its holdings in shares of First Horizon National Corporation 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 buying an additional 757 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of First Horizon National Corporation 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 buying an additional 286 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its holdings in shares of First Horizon National Corporation by 1.3% in the first quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock valued at $220,000 after buying an additional 157 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

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Several research firms have issued reports on FHN. Raymond James Financial, Inc. upped their price target on First Horizon National Corporation from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Hovde Group lifted their price objective on shares of First Horizon National Corporation from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of First Horizon National Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price objective (up from $19.50) on shares of First Horizon National Corporation in a research report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. First Horizon National Corporation has an average rating of “Hold” and a consensus price target of $20.22.

First Horizon National Corporation (FHN) opened at 19.16 on Friday. The stock has a market capitalization of $4.49 billion, a PE ratio of 17.11 and a beta of 1.05. The stock’s 50 day moving average is $18.43 and its 200 day moving average is $17.83. First Horizon National Corporation has a 12-month low of $14.92 and a 12-month high of $20.84.

First Horizon National Corporation (NYSE:FHN) last released its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. First Horizon National Corporation had a net margin of 19.36% and a return on equity of 9.40%. During the same quarter last year, the firm earned $0.27 earnings per share. Analysts forecast that First Horizon National Corporation will post $1.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 3rd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 2nd. First Horizon National Corporation’s dividend payout ratio (DPR) is currently 32.14%.

In related news, CFO William C. Losch III sold 45,107 shares of the firm’s stock in a transaction 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 owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin sold 5,449 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $19.25, for a total transaction of $104,893.25. Following the completion of the transaction, the director now directly owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,056 shares of company stock valued at $1,010,022. 2.09% of the stock is owned by insiders.

First Horizon National Corporation Company Profile

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 Corporation (NYSE:FHN)

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