Intech Investment Management LLC Sells 9,085 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Intech Investment Management LLC lessened its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,537 shares of the company's stock after selling 9,085 shares during the period. Intech Investment Management LLC's holdings in Hancock Whitney were worth $1,460,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock valued at $238,197,000 after purchasing an additional 167,304 shares in the last quarter. American Century Companies Inc. increased its stake in Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock valued at $67,015,000 after purchasing an additional 237,526 shares in the last quarter. Hancock Whitney Corp increased its stake in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock valued at $51,141,000 after purchasing an additional 252,473 shares in the last quarter. Millennium Management LLC increased its stake in Hancock Whitney by 20.9% in the second quarter. Millennium Management LLC now owns 780,882 shares of the company's stock valued at $37,350,000 after purchasing an additional 135,076 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Hancock Whitney by 213.7% in the second quarter. AQR Capital Management LLC now owns 735,790 shares of the company's stock valued at $34,663,000 after purchasing an additional 501,259 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Down 1.1 %

HWC traded down $0.70 during trading hours on Tuesday, hitting $60.34. 594,006 shares of the company's stock were exchanged, compared to its average volume of 510,375. Hancock Whitney Co. has a 1-year low of $39.38 and a 1-year high of $62.40. The stock's 50-day moving average is $53.81 and its two-hundred day moving average is $50.70. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 13.53 and a beta of 1.25. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. The firm had revenue of $525.37 million during the quarter, compared to analysts' expectations of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter last year, the company posted $1.12 earnings per share. Sell-side analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's dividend payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HWC. Truist Financial lowered their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a research report on Friday, September 20th. DA Davidson increased their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.89.

Insider Buying and Selling at Hancock Whitney

In other news, Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the sale, the director now owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John M. Hairston sold 18,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares of the company's stock, valued at approximately $15,099,305.44. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock worth $1,593,710 over the last quarter. 1.10% of the stock is currently owned by insiders.

Hancock Whitney Company Profile

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.