MetLife Investment Management LLC Purchases 21,743 Shares of First Horizon Co. (NYSE:FHN)

MetLife Investment Management LLC raised its stake in First Horizon Co. (NYSE:FHN - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 298,893 shares of the financial services provider's stock after buying an additional 21,743 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of First Horizon worth $6,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in First Horizon by 160.1% in the 4th quarter. Versant Capital Management Inc now owns 1,436 shares of the financial services provider's stock valued at $29,000 after buying an additional 884 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of First Horizon in the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in shares of First Horizon in the fourth quarter worth $32,000. Lee Danner & Bass Inc. acquired a new position in First Horizon during the fourth quarter worth $50,000. Finally, Farther Finance Advisors LLC grew its position in First Horizon by 29.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,568 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 80.28% of the company's stock.

First Horizon Stock Performance

FHN traded up $0.01 during trading on Tuesday, hitting $18.01. The stock had a trading volume of 650,449 shares, compared to its average volume of 6,309,706. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.19 and a beta of 0.60. The company has a 50 day moving average price of $18.66 and a 200-day moving average price of $19.63. First Horizon Co. has a one year low of $14.09 and a one year high of $22.44.

First Horizon (NYSE:FHN - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. First Horizon had a net margin of 15.38% and a return on equity of 10.10%. The company had revenue of $823.69 million during the quarter, compared to analysts' expectations of $825.11 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. As a group, research analysts predict that First Horizon Co. will post 1.67 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of First Horizon from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on First Horizon from $24.00 to $22.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on First Horizon from $22.50 to $23.50 and gave the company a "neutral" rating in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on First Horizon from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, Robert W. Baird raised shares of First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 target price for the company in a research note on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.03.

First Horizon Company Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.