Metropolitan Life Insurance Co NY boosted its holdings in Hancock Whitney Corp (NYSE:HWC) by 4.2% during the third quarter, HoldingsChannel.com reports. The fund owned 51,645 shares of the company’s stock after purchasing an additional 2,060 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Hancock Whitney were worth $1,978,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of HWC. Cramer Rosenthal Mcglynn LLC lifted its stake in Hancock Whitney by 55.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,650,587 shares of the company’s stock worth $106,183,000 after purchasing an additional 950,909 shares during the period. Nuveen Asset Management LLC bought a new stake in Hancock Whitney in the second quarter valued at $26,063,000. Castine Capital Management LLC grew its position in Hancock Whitney by 145.7% in the second quarter. Castine Capital Management LLC now owns 356,242 shares of the company’s stock valued at $14,271,000 after acquiring an additional 211,242 shares during the period. Wells Fargo & Company MN raised its stake in Hancock Whitney by 17.3% during the second quarter. Wells Fargo & Company MN now owns 1,400,397 shares of the company’s stock worth $56,101,000 after acquiring an additional 206,589 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Hancock Whitney by 8.3% during the second quarter. Northern Trust Corp now owns 1,994,248 shares of the company’s stock worth $79,889,000 after acquiring an additional 152,915 shares in the last quarter.
NYSE HWC opened at $40.13 on Wednesday. Hancock Whitney Corp has a 1-year low of $32.59 and a 1-year high of $44.74. The company has a 50 day moving average of $40.25 and a 200-day moving average of $38.86.
The firm 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. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.69%.
HWC has been the subject of a number of analyst reports. SunTrust Banks set a $42.00 price objective on Hancock Whitney and gave the company a “hold” rating in a report on Friday, September 13th. Stephens set a $41.00 target price on shares of Hancock Whitney and gave the stock a “hold” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $45.40.
In related news, insider Joseph S. Exnicios sold 5,550 shares of Hancock Whitney stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.15, for a total value of $228,382.50. Also, insider Cecil W. Knight, Jr. sold 2,028 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $41.94, for a total transaction of $85,054.32. Following the transaction, the insider now owns 26,176 shares in the company, valued at approximately $1,097,821.44. The disclosure for this sale can be found here.
Hancock Whitney Profile
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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