Mercer Global Advisors Inc. ADV Buys Shares of 45,131 Old Republic International Co. (ORI)

Mercer Global Advisors Inc. ADV bought a new stake in Old Republic International Co. (NYSE:ORI) during the first quarter, according to its most recent filing with the SEC. The firm bought 45,131 shares of the insurance provider’s stock, valued at approximately $928,000.

A number of other large investors have also recently bought and sold shares of the stock. First Citizens Bank & Trust Co. grew its stake in Old Republic International by 37.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 22,494 shares of the insurance provider’s stock valued at $471,000 after buying an additional 6,096 shares during the last quarter. Lincoln Capital Corp grew its stake in Old Republic International by 2.5% in the 1st quarter. Lincoln Capital Corp now owns 96,045 shares of the insurance provider’s stock valued at $2,009,000 after buying an additional 2,334 shares during the last quarter. Manning & Napier Group LLC grew its stake in Old Republic International by 1.9% in the 1st quarter. Manning & Napier Group LLC now owns 34,990 shares of the insurance provider’s stock valued at $731,000 after buying an additional 660 shares during the last quarter. Bank of Edwardsville acquired a new position in Old Republic International in the 1st quarter valued at $366,000. Finally, MorganRosel Wealth Management LLC acquired a new position in Old Republic International in the 1st quarter valued at $694,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

NYSE:ORI opened at $21.31 on Wednesday. Old Republic International Co. has a 1 year low of $19.52 and a 1 year high of $23.05. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $6.36 billion, a P/E ratio of 11.46 and a beta of 0.90.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 24th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Old Republic International Co. will post 1.85 EPS for the current year.

In related news, CEO Aldo C. Zucaro purchased 5,000 shares of Old Republic International stock in a transaction on Monday, January 28th. The stock was purchased at an average cost of $19.87 per share, with a total value of $99,350.00. Following the acquisition, the chief executive officer now directly owns 1,260,080 shares in the company, valued at $25,037,789.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders acquired 5,600 shares of company stock valued at $111,828. Insiders own 1.90% of the company’s stock.

A number of research firms recently issued reports on ORI. TheStreet upgraded shares of Old Republic International from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th.

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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 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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