US Bancorp DE decreased its position in shares of Old Republic International Corporation (NYSE:ORI) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 645,964 shares of the insurance provider’s stock after selling 16,344 shares during the period. US Bancorp DE’s holdings in Old Republic International Corporation were worth $12,615,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Old Republic International Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 20,860,548 shares of the insurance provider’s stock worth $427,223,000 after buying an additional 1,052,647 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Old Republic International Corporation by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,970,358 shares of the insurance provider’s stock worth $142,751,000 after buying an additional 242,429 shares during the period. Renaissance Technologies LLC raised its position in shares of Old Republic International Corporation by 61.6% in the first quarter. Renaissance Technologies LLC now owns 6,009,785 shares of the insurance provider’s stock worth $123,080,000 after buying an additional 2,291,700 shares during the period. First Manhattan Co. raised its position in shares of Old Republic International Corporation by 0.6% in the first quarter. First Manhattan Co. now owns 5,665,886 shares of the insurance provider’s stock worth $99,833,000 after buying an additional 34,264 shares during the period. Finally, Alleghany Corp DE raised its position in shares of Old Republic International Corporation by 22.8% in the first quarter. Alleghany Corp DE now owns 3,070,963 shares of the insurance provider’s stock worth $62,893,000 after buying an additional 570,963 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Shares of Old Republic International Corporation (NYSE ORI) traded up 0.05% on Friday, hitting $19.70. The stock had a trading volume of 828,692 shares. The firm has a 50 day moving average of $19.75 and a 200 day moving average of $20.01. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19. The stock has a market cap of $5.14 billion, a P/E ratio of 12.41 and a beta of 1.32.
Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Old Republic International Corporation had a return on equity of 9.54% and a net margin of 7.70%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Old Republic International Corporation will post $1.47 earnings per share for the current fiscal year.
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ORI has been the topic of a number of recent analyst reports. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Zacks Investment Research lowered Old Republic International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th.
In other Old Republic International Corporation news, Director Steven J. Bateman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $19.56 per share, for a total transaction of $97,800.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $293,400. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arnold L. Steiner sold 20,000 shares of Old Republic International Corporation stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the sale, the director now owns 270,237 shares in the company, valued at $5,469,596.88. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
About Old Republic International Corporation
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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