American International Group Inc. Sells 5,128 Shares of Hancock Whitney Co. (NASDAQ:HWC)

American International Group Inc. trimmed its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,832 shares of the company’s stock after selling 5,128 shares during the quarter. American International Group Inc. owned approximately 0.19% of Hancock Whitney worth $7,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in Hancock Whitney by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 328 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Hancock Whitney by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 107,899 shares of the company’s stock worth $5,243,000 after acquiring an additional 360 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Hancock Whitney during the 4th quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in shares of Hancock Whitney by 32.4% during the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock worth $125,000 after acquiring an additional 628 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in shares of Hancock Whitney by 13.1% during the 4th quarter. AlphaMark Advisors LLC now owns 6,836 shares of the company’s stock worth $332,000 after acquiring an additional 792 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Trading Down 0.3 %

HWC stock opened at $44.67 on Thursday. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $49.65. The firm’s 50-day moving average is $45.88 and its 200 day moving average is $45.30. The company has a market capitalization of $3.87 billion, a PE ratio of 10.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%. The company had revenue of $354.02 million during the quarter, compared to analyst estimates of $353.15 million. On average, research analysts anticipate that Hancock Whitney Co. will post 4.88 EPS for the current year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were issued a dividend of $0.40 per share. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.58%. Hancock Whitney’s dividend payout ratio (DPR) is presently 37.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWC. Jefferies Financial Group decreased their price objective on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Truist Financial decreased their price objective on Hancock Whitney from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Piper Sandler restated an “overweight” rating and set a $52.00 price target (down previously from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Hancock Whitney in a report on Wednesday, April 17th. Finally, StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.88.

Insider Activity at Hancock Whitney

In related news, insider Cecil W. Knight, Jr. sold 844 shares of Hancock Whitney stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the completion of the sale, the insider now owns 58,843 shares in the company, valued at approximately $2,755,029.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 844 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the transaction, the insider now owns 58,843 shares of the company’s stock, valued at approximately $2,755,029.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine L. Pickering sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total transaction of $59,306.00. Following the transaction, the director now directly owns 23,982 shares in the company, valued at approximately $1,094,058.84. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

About Hancock Whitney

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.