Institutional Investors That Jumped Off The First Horizon National Corporation (FHN) Banwagon

First Horizon National Corporation (NYSE:FHN) marched up 16.16% compared to a 52-week low price of $15.84. The shares were last seen trading 2.22% higher, taking the closing price at $18.4 on 08/02/2018. At recent session, the prices were hovering between $17.9 and $18.49. This company shares are 10.82% off its target price of $20.39 and the current market capitalization stands at $6.01B. The recent change has given its price a 0.31% lead over SMA 50 and -11.79% deficit over its 52-week high. The stock witnessed 3.31% gains, 0.99% gains and -8.59% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FHN’s volatility during a week at 2.07% and during a month it has been found around 2.17%.

First Horizon National Corporation (FHN) Top Holders

Institutional investors currently hold around $4.97 billion or 85.1% in FHN stock. Look at its top three institutional owners. Blackrock Inc. owns $536.89 million in First Horizon National Corporation, which represents roughly 8.93% of the company’s market cap and approximately 10.81% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 27,979,632 shares of the stock are valued at $503.63 million. The third largest holder is State Street Corp, which currently holds $301.4 million worth of this stock and that ownership represents nearly 5.01% of its market capitalization.

First Horizon National Corporation 13F Filings

At the end of March reporting period, 189 institutional holders increased their position in First Horizon National Corporation (NYSE:FHN) by some 25,659,091 shares, 129 decreased positions by 24,076,774 and 61 held positions by 226,085,841. That puts total institutional holdings at 275,821,706 shares, according to SEC filings. The stock grabbed 65 new institutional investments totaling 7,669,220 shares while 38 institutional investors sold out their entire positions totaling 3,402,436 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 Director Niswonger Scott M has acquired 100,000 shares of First Horizon National Corporation (FHN) in trading session dated Aug. 01, 2018. These shares are worth $1,820,000 and were traded at $18.2 each. The SEC filing shows that Jordan D Bryan performed a purchase of 25,000 shares. The Chairman, President and CEO added these shares by way of transaction on Jul. 31, 2018. The company’s shares were assimilated at $17.76 per share worth to an investment of some $444,000 on account of Jordan D Bryan.

Director, Emkes Mark A, purchased 5,000 common shares of First Horizon National Corporation (FHN) in the open market. In a transaction dated Jul. 25, 2018, the shares were bought at an average price of $17.68, giving away a sum of $88,400. After this purchase, 58,896 common shares of FHN are directly owned by the insider, with total stake valued at $1,083,686.

In the transaction dated Mar. 14, 2018, the great number of shares disposed came courtesy the EVP & Chief HR Officer; Daniel John M disposed a total of 22,389 shares at an average price of $19.79, amounting to approximately $443,078. The insider now directly owns 237,229 shares worth $4,365,014.

First Horizon National Corporation (FHN) Analyst Guide

Several analysts have released their opinion on First Horizon National Corporation (NYSE:FHN), with 7 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation.