New Vernon Investment Management Increased Old Rep Intl (ORI) Stake By $805,448; Wells Fargo & Company (WFC) Sentiment Is 0.88

August 28, 2017 - By Marguerite Chambers

Wells Fargo & Company is a bank holding company. The company has market cap of $255.74 billion. The Firm is a diversified financial services company. It has a 12.69 P/E ratio. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

New Vernon Investment Management Llc increased Old Rep Intl Corp (ORI) stake by 33.12% reported in 2016Q4 SEC filing. New Vernon Investment Management Llc acquired 42,392 shares as Old Rep Intl Corp (ORI)’s stock declined 4.80%. The New Vernon Investment Management Llc holds 170,403 shares with $3.24M value, up from 128,011 last quarter. Old Rep Intl Corp now has $5.04B valuation. The stock declined 0.93% or $0.18 reaching $19.11 on the news. About 367,283 shares traded. Old Republic International Corporation (NYSE:ORI) has risen 3.53% since August 28, 2016 and is uptrending. It has underperformed by 13.17% the S&P500.

About 5.06 million shares traded. Wells Fargo & Co (WFC) has risen 9.67% since August 28, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Ratings analysis reveals 38% of Wells Fargo’s analysts are positive. Out of 13 Wall Street analysts rating Wells Fargo, 5 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $44.0 while the high is $65.0. The stock’s average target of $50.62 is -1.75% below today’s ($51.52) share price. WFC was included in 14 notes of analysts from September 15, 2016. Susquehanna downgraded Wells Fargo & Co (NYSE:WFC) on Thursday, December 1 to “Neutral” rating. The stock of Wells Fargo & Co (NYSE:WFC) earned “Neutral” rating by JP Morgan on Wednesday, September 21. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 22 report. The firm has “Outperform” rating by Robert W. Baird given on Monday, September 19. The firm has “Hold” rating by Argus Research given on Wednesday, January 18. Morgan Stanley upgraded Wells Fargo & Co (NYSE:WFC) on Tuesday, September 20 to “Overweight” rating. Piper Jaffray upgraded the stock to “Neutral” rating in Monday, April 10 report. The stock of Wells Fargo & Co (NYSE:WFC) earned “Neutral” rating by Credit Suisse on Thursday, February 16. The rating was maintained by FBR Capital on Tuesday, September 27 with “Outperform”. The stock has “Hold” rating by Jefferies on Monday, November 28.

Since January 1, 0001, it had 1 insider purchase, and 7 insider sales for $397.31 million activity.

Daily Journal Corp holds 59.98% of its portfolio in Wells Fargo & Co for 1.59 million shares. Vantage Investment Partners Llc owns 5.55 million shares or 40.66% of their US portfolio. Moreover, American Assets Inc has 29.25% invested in the company for 1.75 million shares. The United Kingdom-based Theleme Partners Llp has invested 22.24% in the stock. Berkshire Hathaway Inc, a Nebraska-based fund reported 479.70 million shares.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on October, 13. They expect $1.06 EPS, up 2.91% or $0.03 from last year’s $1.03 per share. WFC’s profit will be $5.26B for 12.15 P/E if the $1.06 EPS becomes a reality. After $1.07 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -0.93% negative EPS growth.

New Vernon Investment Management Llc decreased Annaly Cap Mgmt Inc (NYSE:NLY) stake by 50,000 shares to 135,320 valued at $1.35M in 2016Q4. It also reduced Blackrock Corpor Hi Yld Fd I (HYT) stake by 84,000 shares and now owns 221,638 shares. Blackrock Core Bd Tr (BHK) was reduced too.

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.11, from 1.13 in 2016Q3. It increased, as 58 investors sold ORI shares while 112 reduced holdings. 43 funds opened positions while 110 raised stakes. 178.75 million shares or 1.92% less from 182.25 million shares in 2016Q3 were reported. Vanguard Group holds 0.02% or 19.81M shares. Aviva Public Ltd Liability Company owns 158,675 shares. Moreover, Hartford Invest Management has 0% invested in Old Republic International Corporation (NYSE:ORI). Guggenheim Cap Ltd Co reported 0.05% stake. Ftb holds 0% or 280 shares in its portfolio. Thrivent For Lutherans has 0% invested in Old Republic International Corporation (NYSE:ORI) for 41,790 shares. Ent Financial Svcs Corp owns 175 shares. Public Employees Retirement Association Of Colorado invested 0.01% in Old Republic International Corporation (NYSE:ORI). First Manhattan accumulated 0.65% or 5.63M shares. Ibm Retirement Fund owns 0.02% invested in Old Republic International Corporation (NYSE:ORI) for 18,962 shares. Ameritas Prtnrs Incorporated holds 97,252 shares. Texas-based Employees Retirement Systems Of Texas has invested 0.07% in Old Republic International Corporation (NYSE:ORI). Investors owns 2.20 million shares or 0.01% of their US portfolio. Cap One Natl Association stated it has 0.4% of its portfolio in Old Republic International Corporation (NYSE:ORI). First Interstate Financial Bank accumulated 0% or 630 shares.