Jane Street Group LLC Has $4.75 Million Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Jane Street Group LLC reduced its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 50.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,784 shares of the company's stock after selling 96,302 shares during the period. Jane Street Group LLC owned 0.11% of Hancock Whitney worth $4,748,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Hancock Whitney during the 3rd quarter worth $28,000. Headlands Technologies LLC bought a new stake in Hancock Whitney in the second quarter worth $43,000. CWM LLC increased its position in Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company's stock worth $47,000 after buying an additional 718 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Hancock Whitney during the second quarter valued at about $63,000. Finally, nVerses Capital LLC acquired a new stake in shares of Hancock Whitney in the third quarter worth about $72,000. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Performance

NASDAQ HWC traded down $3.28 during midday trading on Wednesday, hitting $53.69. The company had a trading volume of 624,136 shares, compared to its average volume of 503,495. The firm has a fifty day simple moving average of $56.29 and a two-hundred day simple moving average of $51.95. Hancock Whitney Co. has a fifty-two week low of $41.19 and a fifty-two week high of $62.40. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 12.04 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period last year, the business earned $1.12 earnings per share. Equities analysts forecast that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were given a $0.40 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.98%. Hancock Whitney's dividend payout ratio (DPR) is currently 35.87%.

Insider Buying and Selling

In related news, Director Carleton Richard Wilkins sold 800 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the transaction, the director now owns 15,900 shares of the company's stock, valued at $810,105. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the sale, the director now directly owns 23,518 shares in the company, valued at $1,232,343.20. The trade was a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock valued at $1,593,710 over the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HWC has been the topic of a number of analyst reports. Stephens raised Hancock Whitney from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Truist Financial lowered their price target on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. DA Davidson lifted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Hancock Whitney currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.