Enterprise Trust & Investment Co Acquires New Holdings in Old Republic International Co. (NYSE:ORI)


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Enterprise Trust & Investment Co bought a new stake in Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the insurance provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also bought and sold shares of ORI. Eudaimonia Partners LLC increased its stake in shares of Old Republic International by 37.6% during the 3rd quarter. Eudaimonia Partners LLC now owns 2,098 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 573 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Old Republic International by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 111,027 shares of the insurance provider’s stock valued at $1,636,000 after purchasing an additional 1,093 shares during the period. TRUE Private Wealth Advisors boosted its stake in Old Republic International by 20.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 7,215 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 1,200 shares during the period. FinTrust Capital Advisors LLC grew its holdings in Old Republic International by 16.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 8,849 shares of the insurance provider’s stock valued at $144,000 after buying an additional 1,251 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in Old Republic International by 9.5% in the 4th quarter. Fulton Bank N.A. now owns 15,953 shares of the insurance provider’s stock worth $314,000 after buying an additional 1,378 shares during the period. 73.56% of the stock is owned by institutional investors.

Shares of NYSE:ORI opened at $18.60 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.52 and a quick ratio of 0.52. The business’s fifty day moving average price is $18.92 and its two-hundred day moving average price is $16.90. Old Republic International Co. has a fifty-two week low of $11.88 and a fifty-two week high of $23.62. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.82.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, October 22nd. The insurance provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.68 billion. Old Republic International had a net margin of 4.26% and a return on equity of 9.87%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. Research analysts expect that Old Republic International Co. will post 1.7 EPS for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, January 4th. Old Republic International’s payout ratio is currently 45.65%.

In related news, Director Michael Denard Kennedy acquired 1,494 shares of the stock in a transaction on Friday, November 20th. The stock was purchased at an average price of $18.05 per share, for a total transaction of $26,966.70. Following the transaction, the director now owns 1,494 shares of the company’s stock, valued at approximately $26,966.70. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven J. Bateman bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were purchased at an average price of $16.05 per share, with a total value of $32,100.00. Following the transaction, the director now owns 23,476 shares of the company’s stock, valued at $376,789.80. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on ORI. ValuEngine upgraded shares of Old Republic International from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 1st. BidaskClub upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Saturday, December 12th. TheStreet upgraded shares of Old Republic International from a “c” rating to a “b-” rating in a research report on Tuesday, November 3rd. Finally, Zacks Investment Research cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Old Republic International currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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