Public Employees Retirement Association of Colorado Sells 4,748 Shares of First Horizon National Corporation (FHN)

Public Employees Retirement Association of Colorado trimmed its position in shares of First Horizon National Corporation (NYSE:FHN) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,678 shares of the financial services provider’s stock after selling 4,748 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in First Horizon National Corporation were worth $951,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Horizon National Corporation by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 676 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of First Horizon National Corporation during the first quarter valued at about $189,000. Greenwood Capital Associates LLC boosted its stake in shares of First Horizon National Corporation by 7.3% during the second quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 757 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of First Horizon National Corporation by 2.4% during 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 purchasing an additional 286 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of First Horizon National Corporation by 63.2% during the second quarter. Riverhead Capital Management LLC now owns 13,383 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 5,183 shares in the last quarter. 85.12% of the stock is currently owned by hedge funds and other institutional investors.

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FHN has been the topic of a number of recent analyst reports. Raymond James Financial, Inc. lifted their price objective on First Horizon National Corporation from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. ValuEngine lowered First Horizon National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $20.00 price objective on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. Zacks Investment Research raised First Horizon National Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, BidaskClub raised First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. First Horizon National Corporation has a consensus rating of “Hold” and an average price target of $20.22.

First Horizon National Corporation (FHN) opened at $18.05 on Monday. First Horizon National Corporation has a 12 month low of $15.84 and a 12 month high of $20.84. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4,227.86, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02.

First Horizon National Corporation (NYSE:FHN) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The firm had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. During the same period in the previous year, the firm earned $0.27 earnings per share. equities research analysts anticipate that First Horizon National Corporation will post 1.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, November 2nd. First Horizon National Corporation’s dividend payout ratio (DPR) is presently 32.14%.

In other news, CFO William C. Losch III sold 45,107 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total transaction of $840,343.41. Following the completion of the sale, the chief financial officer now owns 275,497 shares in the company, valued at $5,132,509.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total value of $64,785.00. Following the sale, the chief financial officer now owns 233,890 shares of the company’s stock, valued at approximately $4,329,303.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,056 shares of company stock worth $1,010,022. Insiders own 2.09% of the company’s stock.

First Horizon National Corporation 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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