Old Republic International Co. (NYSE:ORI) Shares Bought by Hancock Whitney Corp

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Hancock Whitney Corp raised its holdings in Old Republic International Co. (NYSE:ORI) by 48.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,353 shares of the insurance provider’s stock after purchasing an additional 36,544 shares during the period. Hancock Whitney Corp’s holdings in Old Republic International were worth $2,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORI. Victory Capital Management Inc. grew its holdings in Old Republic International by 64.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,183,071 shares of the insurance provider’s stock valued at $161,978,000 after purchasing an additional 2,807,051 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Old Republic International in the fourth quarter worth approximately $58,545,000. First Trust Advisors LP boosted its stake in shares of Old Republic International by 351.5% in the third quarter. First Trust Advisors LP now owns 1,375,765 shares of the insurance provider’s stock worth $32,427,000 after acquiring an additional 1,071,043 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Old Republic International by 1.9% in the second quarter. BlackRock Inc. now owns 33,466,270 shares of the insurance provider’s stock worth $748,972,000 after acquiring an additional 612,203 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Old Republic International in the third quarter worth approximately $7,076,000. 74.93% of the stock is currently owned by institutional investors.

Shares of NYSE:ORI opened at $23.49 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.49. The business’s 50 day moving average price is $22.73 and its 200-day moving average price is $22.76. The firm has a market capitalization of $7.10 billion, a PE ratio of 12.79 and a beta of 0.72. Old Republic International Co. has a 1 year low of $20.40 and a 1 year high of $24.10.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.60 billion. Old Republic International had a return on equity of 9.52% and a net margin of 14.64%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, analysts expect that Old Republic International Co. will post 1.65 earnings per share for the current year.

ORI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Old Republic International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. ValuEngine raised Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

About Old Republic International

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 Group, Title Insurance Group, 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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