Munich Reinsurance Co Stock Corp in Munich Purchases 186,286 Shares of Huntington Bancshares Incorporated $HBAN

Munich Reinsurance Co Stock Corp in Munich lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,178,309 shares of the bank’s stock after buying an additional 186,286 shares during the quarter. Huntington Bancshares comprises about 2.1% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 12th largest position. Munich Reinsurance Co Stock Corp in Munich’s holdings in Huntington Bancshares were worth $91,811,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HBAN. Syon Capital LLC boosted its position in Huntington Bancshares by 23.1% during the second quarter. Syon Capital LLC now owns 22,949 shares of the bank’s stock valued at $407,000 after acquiring an additional 4,313 shares during the last quarter. NEOS Investment Management LLC raised its position in shares of Huntington Bancshares by 14.7% in the 2nd quarter. NEOS Investment Management LLC now owns 333,790 shares of the bank’s stock worth $5,918,000 after acquiring an additional 42,695 shares in the last quarter. AXQ Capital LP acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $688,000. Nykredit A S acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $5,184,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of Huntington Bancshares by 20.3% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 960,793 shares of the bank’s stock valued at $17,035,000 after purchasing an additional 161,970 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HBAN shares. Stephens decreased their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Truist Financial raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.24.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 262,061 shares of company stock worth $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Down 0.2%

Shares of NASDAQ HBAN opened at $17.03 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The company has a 50-day moving average price of $17.52 and a 200-day moving average price of $16.78. The stock has a market capitalization of $34.41 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.93 and a beta of 0.92. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the prior year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.