First Horizon National Corporation (FHN): A Detailed Look at its Institutional Ownership

First Horizon National Corporation (NYSE:FHN) produced a 19.38% rally since recording the worst price of $15.84. Thanks to the latest 0.64% increase, it now trades at $18.91. Throughout the trading on 05/10/2018, the share price floated between $18.65 and $19. This company shares are 18.03% off its target price of $22.32 and the current market capitalization stands at $6.17B. The recent change has given its price a -0.64% deficit over SMA 50 and -9.35% deficit over its 52-week high. The stock witnessed 0.85% gains, 1.18% gains and 4.3% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FHN’s volatility during a week at 2.26% and during a month it has been found around 2.1%.

First Horizon National Corporation (FHN) Top Holders

Institutional investors currently hold around $5.12 billion or 86.8% in FHN stock. Look at its top three institutional owners. Blackrock Inc. owns $560.45 million in First Horizon National Corporation, which represents roughly 9.08% of the company’s market cap and approximately 10.95% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 25,423,000 shares of the stock are valued at $477.7 million. The third largest holder is Invesco Ltd., which currently holds $334.45 million worth of this stock and that ownership represents nearly 5.42% of its market capitalization.

First Horizon National Corporation 13F Filings

At the end of 03/31/2018 reporting period, 196 institutional holders increased their position in First Horizon National Corporation (NYSE:FHN) by some 49,535,720 shares, 129 decreased positions by 24,034,939 and 50 held positions by 198,828,812. That puts total institutional holdings at 272,399,471 shares, according to SEC filings. The stock grabbed 61 new institutional investments totaling 9,766,550 shares while 55 institutional investors sold out their entire positions totaling 8,855,524 shares.

First Horizon National Corporation (NYSE:FHN) Insider Trades

Multiple company employees have indulged in significant insider trading. First Horizon National Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & Chief HR Officer Daniel John M has sold 22,389 shares of First Horizon National Corporation (FHN) in trading session dated Mar. 14, 2018. These shares are worth $443,078 and were traded at $19.79 each. The SEC filing shows that Kisber Michael E performed a sale of 44,707 shares. The President-FTN Financial disposed these shares by way of transaction on Mar. 09, 2018. The company’s shares were given away at $20.21 per share worth to an income of some $903,528 on account of Kisber Michael E.

President-FTN Financial, Kisber Michael E, sold 160,000 common shares of First Horizon National Corporation (FHN) in the open market. In a transaction dated Mar. 06, 2018, the shares were put up for sale at an average price of $20, raking in a sum of $3,200,000. After this sale, 433,826 common shares of FHN are directly owned by the insider, with total stake valued at $8,203,650.

In the transaction dated Jan. 29, 2018, the great number of shares disposed came courtesy the Director; Foss Peter N disposed a total of 30,000 shares at an average price of $20.32, amounting to approximately $609,600. The insider now directly owns 39,689 shares worth $750,519.

First Horizon National Corporation (FHN) Analyst Guide

Several analysts have released their opinion on First Horizon National Corporation (NYSE:FHN), with 9 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.

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