Metropolitan Life Insurance Co NY increased its holdings in Hancock Whitney Corp (NYSE:HWC) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,645 shares of the company’s stock after purchasing an additional 2,060 shares during the quarter. Metropolitan Life Insurance Co NY owned 0.06% of Hancock Whitney worth $1,978,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Hancock Whitney by 53.3% in the third quarter. Parallel Advisors LLC now owns 762 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. Quantamental Technologies LLC lifted its stake in Hancock Whitney by 44.8% during the second quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after buying an additional 287 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Hancock Whitney during the second quarter valued at about $45,000. Cerebellum GP LLC acquired a new position in shares of Hancock Whitney in the third quarter worth about $125,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Hancock Whitney by 51.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock worth $120,000 after buying an additional 1,006 shares during the period.
A number of equities research analysts have recently issued reports on HWC shares. Stephens set a $41.00 price target on shares of Hancock Whitney and gave the company a “hold” rating in a report on Monday, October 21st. SunTrust Banks set a $42.00 price objective on shares of Hancock Whitney and gave the stock a “hold” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.40.
Hancock Whitney (NYSE:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The business had revenue of $306.17 million for the quarter, compared to analysts’ expectations of $307.96 million. During the same period last year, the firm earned $1.01 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 4th.
In related news, insider Cecil W. Knight, Jr. sold 2,028 shares of Hancock Whitney stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $41.94, for a total transaction of $85,054.32. Following the completion of the sale, the insider now owns 26,176 shares of the company’s stock, valued at $1,097,821.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph S. Exnicios sold 5,550 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.15, for a total value of $228,382.50.
About Hancock Whitney
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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