Court Place Advisors LLC Buys Shares of 18,000 Old Republic International Corporation (ORI)

Court Place Advisors LLC acquired a new position in shares of Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 18,000 shares of the insurance provider’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORI. Louisiana State Employees Retirement System increased its position in Old Republic International Corporation by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock worth $1,248,000 after buying an additional 2,200 shares in the last quarter. Pegasus Partners Ltd. bought a new position in Old Republic International Corporation during the fourth quarter worth approximately $2,681,000. CIBC World Markets Inc. increased its position in Old Republic International Corporation by 11.1% in the first quarter. CIBC World Markets Inc. now owns 20,310 shares of the insurance provider’s stock worth $416,000 after buying an additional 2,034 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Old Republic International Corporation by 5.1% in the first quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock worth $2,552,000 after buying an additional 6,040 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its position in Old Republic International Corporation by 46.3% in the second quarter. Fox Run Management L.L.C. now owns 29,700 shares of the insurance provider’s stock worth $580,000 after buying an additional 9,400 shares in the last quarter. 70.94% of the stock is owned by institutional investors.

Shares of Old Republic International Corporation (ORI) traded down 0.3371% during mid-day trading on Wednesday, hitting $19.3645. The stock had a trading volume of 476,676 shares. The company has a 50-day moving average of $19.71 and a 200 day moving average of $20.05. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 12.2251 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Old Republic International Corporation will post $1.47 earnings per share for the current year.

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A number of analysts have recently issued reports on the company. Zacks Investment Research cut Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub cut Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.

In related news, Director Arnold L. Steiner sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the transaction, the director now directly owns 270,237 shares of the company’s stock, valued at approximately $5,469,596.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Bateman acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was bought 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 approximately $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Old Republic International Corporation Company Profile

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.