Vanguard Amends HWC Stake, Maintains Significant Ownership

Ticker: HWCPZ · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 750577

Hancock Whitney CORP SC 13G/A Filing Summary
FieldDetail
CompanyHancock Whitney CORP (HWCPZ)
Form TypeSC 13G/A
Filed DateFeb 13, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Vanguard still owns a big chunk of Hancock Whitney, good sign for HWC!**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Hancock Whitney Corp (HWC) common stock as of December 29, 2023. This filing, Amendment No. 15, shows Vanguard's continued significant stake in the regional bank. For investors, this means a large institutional investor maintains confidence in Hancock Whitney, which can be a positive signal for the stock's stability and long-term prospects.

Why It Matters

This filing confirms that a major institutional investor, The Vanguard Group, continues to hold a substantial position in Hancock Whitney Corp, signaling ongoing institutional confidence in the company.

Risk Assessment

Risk Level: low — This filing indicates stable institutional ownership, which generally reduces volatility and risk for a stock.

Analyst Insight

Investors should note Vanguard's continued presence as a significant shareholder, which can be a sign of stability. However, without specific share count changes in this excerpt, it's hard to gauge a direct bullish or bearish signal. Further analysis of the full filing would be needed to see if Vanguard increased or decreased its stake.

Key Players & Entities

FAQ

What type of filing is this and who filed it?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by The Vanguard Group, a major investment management company.

Which company's securities are the subject of this filing?

The subject company is Hancock Whitney Corp, identified by the CUSIP Number 410120109 and the ticker HWC.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which required the filing of this statement was December 29, 2023.

What is the significance of 'Amendment No.: 15'?

Amendment No. 15 indicates that this is the fifteenth time The Vanguard Group has amended its Schedule 13G filing regarding its ownership in Hancock Whitney Corp, suggesting a long-term and actively managed position.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, which is typically used by institutional investors like Vanguard who hold shares in the ordinary course of business and not with the purpose of changing or influencing control of the issuer.

Filing Stats: 813 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-02-13 17:06:23

Filing Documents

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Hancock Whitney Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: Hancock Whitney Plaza, 2510 14th Street, Suite 610 Gulfport, MS 39501-1947

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 410120109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

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