Verity & Verity Increased Keycorp New (KEY) Stake By $675,216; Old Republic International Has 1.63 Sentiment

March 17, 2018 - By Ruchi Gupta

Verity & Verity Llc increased Keycorp New (KEY) stake by 59.12% reported in 2017Q3 SEC filing. Verity & Verity Llc acquired 37,512 shares as Keycorp New (KEY)’s stock declined 6.49%. The Verity & Verity Llc holds 100,967 shares with $1.90M value, up from 63,455 last quarter. Keycorp New now has $22.23 billion valuation. The stock increased 0.24% or $0.05 during the last trading session, reaching $20.96. About 14.74M shares traded or 49.81% up from the average. KeyCorp (NYSE:KEY) has risen 43.10% since March 17, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

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 has market cap of $5.62 billion. It operates through three divisions: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business. It has a 11.1 P/E ratio. The General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, directors and officers, fidelity, guaranteed asset protection, and surety.

Among 34 analysts covering Keycorp (NYSE:KEY), 21 have Buy rating, 2 Sell and 11 Hold. Therefore 62% are positive. Keycorp had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. KBW upgraded the stock to “Market Perform” rating in Wednesday, August 12 report. The firm has “Outperform” rating given on Monday, November 2 by Keefe Bruyette & Woods. As per Monday, April 24, the company rating was upgraded by Piper Jaffray. On Thursday, January 18 the stock rating was maintained by Sandler O’Neill with “Hold”. Nomura maintained the stock with “Buy” rating in Monday, April 24 report. The firm earned “Buy” rating on Thursday, July 20 by Nomura. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by RBC Capital Markets on Thursday, September 7. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report. The stock has “Buy” rating by Jefferies on Wednesday, July 27.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.14, from 1.1 in 2017Q2. It turned negative, as 46 investors sold KEY shares while 196 reduced holdings. 67 funds opened positions while 200 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Smithfield Trust has invested 0.01% in KeyCorp (NYSE:KEY). Oakbrook Invs Limited Liability Corp holds 0.09% of its portfolio in KeyCorp (NYSE:KEY) for 70,516 shares. Farr Miller Washington Ltd Liability Dc reported 0.05% of its portfolio in KeyCorp (NYSE:KEY). Cibc Ww Mkts holds 0.03% in KeyCorp (NYSE:KEY) or 158,419 shares. Thrivent Financial For Lutherans invested in 0.4% or 6.08M shares. Chevy Chase Trust Hldgs holds 0.08% or 948,522 shares. Westpac Corporation holds 0.03% or 64,237 shares. Northwestern Mutual Wealth Communication owns 4,479 shares for 0% of their portfolio. Massachusetts Fincl Serv Ma invested 0.05% in KeyCorp (NYSE:KEY). Fiera Cap reported 13,520 shares or 0% of all its holdings. Veritable LP invested 0.01% in KeyCorp (NYSE:KEY). Rhumbline Advisers owns 2.08 million shares or 0.09% of their US portfolio. Peak6 Limited Partnership has 126,526 shares for 0.01% of their portfolio. Fulton Bank & Trust Na has invested 0.02% in KeyCorp (NYSE:KEY). Old Second Bancshares Of Aurora has 0.03% invested in KeyCorp (NYSE:KEY) for 4,000 shares.

Verity & Verity Llc decreased Leggett & Platt Inc (NYSE:LEG) stake by 39,766 shares to 47,064 valued at $2.25M in 2017Q3. It also reduced Abbott Labs (NYSE:ABT) stake by 5,859 shares and now owns 136,238 shares. Lockheed Martin Corp (NYSE:LMT) was reduced too.

Since October 24, 2017, it had 1 insider buy, and 5 insider sales for $2.86 million activity. The insider Gorman Christopher M. sold 56,038 shares worth $1.18 million. The insider Paine Andrew J III sold 46,854 shares worth $869,610. 2,758 shares valued at $51,122 were sold by Harris Paul N on Tuesday, October 24. DeAngelis Robert A sold $527,750 worth of KeyCorp (NYSE:KEY) on Wednesday, February 21. The insider Midkiff Mark W bought 458 shares worth $9,998. Buffie Craig A sold $250,639 worth of stock or 11,819 shares.

Analysts await Old Republic International Corporation (NYSE:ORI) to report earnings on April, 26. They expect $0.40 earnings per share, up 11.11% or $0.04 from last year’s $0.36 per share. ORI’s profit will be $105.54M for 13.31 P/E if the $0.40 EPS becomes a reality. After $0.33 actual earnings per share reported by Old Republic International Corporation for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

The stock increased 1.14% or $0.24 during the last trading session, reaching $21.3. About 6.65 million shares traded or 86.89% up from the average. Old Republic International Corporation (ORI) has risen 3.53% since March 17, 2017 and is uptrending. It has underperformed by 13.17% the S&P500.

Since January 1, 0001, it had 2 insider buys, and 0 insider sales for $103,759 activity.

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