Elo Mutual Pension Insurance Co Takes Position in First Horizon Co. (NYSE:FHN)

Elo Mutual Pension Insurance Co purchased a new position in First Horizon Co. (NYSE:FHN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,404 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other large investors also recently added to or reduced their stakes in FHN. Versant Capital Management Inc boosted its holdings in shares of First Horizon by 160.1% in the 4th quarter. Versant Capital Management Inc now owns 1,436 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 884 shares during the period. Jones Financial Companies Lllp purchased a new position in First Horizon during the fourth quarter worth $30,000. Kentucky Trust Co bought a new position in First Horizon during the fourth quarter valued at $32,000. True Wealth Design LLC purchased a new stake in shares of First Horizon in the third quarter valued at $36,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of First Horizon in the 4th quarter worth about $50,000. 80.28% of the stock is owned by institutional investors.

Insider Transactions at First Horizon

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of First Horizon stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $21.13, for a total value of $2,323,877.40. Following the transaction, the chief executive officer now owns 1,861,381 shares in the company, valued at $39,330,980.53. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on FHN shares. Wells Fargo & Company upped their price target on shares of First Horizon from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Bank of America increased their price target on First Horizon from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Stephens restated an “overweight” rating and set a $24.00 price objective on shares of First Horizon in a report on Friday, January 17th. Citigroup increased their target price on First Horizon from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, UBS Group started coverage on shares of First Horizon in a research note on Tuesday, December 17th. They set a “buy” rating and a $25.00 target price for the company. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, First Horizon presently has an average rating of “Moderate Buy” and an average target price of $22.23.

First Horizon Stock Down 0.2 %

Shares of First Horizon stock opened at $19.24 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.19 and a beta of 0.86. The firm’s 50-day moving average is $20.65 and its two-hundred day moving average is $19.36. First Horizon Co. has a 1 year low of $13.72 and a 1 year high of $22.44.

First Horizon (NYSE:FHN) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. First Horizon had a net margin of 15.38% and a return on equity of 10.10%. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, research analysts expect that First Horizon Co. will post 1.67 earnings per share for the current fiscal year.

First Horizon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.15 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. First Horizon’s dividend payout ratio is presently 44.12%.

First Horizon Company Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.