Aigen Investment Management LP Sells 5,143 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Aigen Investment Management LP cut its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 53.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,454 shares of the company’s stock after selling 5,143 shares during the period. Aigen Investment Management LP’s holdings in Hancock Whitney were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HWC. AlphaMark Advisors LLC raised its position in shares of Hancock Whitney by 5.7% in the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after acquiring an additional 356 shares during the period. Blue Trust Inc. boosted its stake in Hancock Whitney by 19.1% during the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock worth $142,000 after buying an additional 476 shares during the period. SG Americas Securities LLC increased its holdings in Hancock Whitney by 5.5% in the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after purchasing an additional 568 shares during the last quarter. Trust Point Inc. lifted its stake in Hancock Whitney by 10.6% during the 3rd quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock worth $307,000 after acquiring an additional 577 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hancock Whitney by 3.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock valued at $868,000 after purchasing an additional 618 shares during the period. Institutional investors own 81.22% of the company’s stock.

Analyst Ratings Changes

HWC has been the topic of several recent research reports. DA Davidson upped their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial decreased their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.89.

Hancock Whitney Stock Performance

HWC stock opened at $58.45 on Friday. The stock has a market cap of $5.03 billion, a P/E ratio of 13.11 and a beta of 1.25. Hancock Whitney Co. has a 52 week low of $39.38 and a 52 week high of $61.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a 50 day simple moving average of $52.52 and a 200 day simple moving average of $50.13.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.47% and a net margin of 19.30%. During the same quarter in the prior year, the business earned $1.12 earnings per share. Research analysts anticipate that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is 35.87%.

Insider Transactions at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now owns 254,026 shares of the company’s stock, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine L. Pickering sold 763 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the sale, the director now owns 23,518 shares of the company’s stock, valued at $1,232,343.20. This trade represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by insiders.

Hancock Whitney 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.