Court Place Advisors LLC acquired a new stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,000 shares of the insurance provider’s stock, valued at approximately $352,000.
Other institutional investors have also recently made changes to their positions in the company. State Treasurer State of Michigan boosted its position in shares of Old Republic International Corporation by 1.7% in the second quarter. State Treasurer State of Michigan now owns 101,027 shares of the insurance provider’s stock valued at $1,973,000 after buying an additional 1,700 shares during the period. Aperio Group LLC boosted its position in shares of Old Republic International Corporation by 36.0% in the second quarter. Aperio Group LLC now owns 133,971 shares of the insurance provider’s stock valued at $2,616,000 after buying an additional 35,457 shares during the period. Visionary Asset Management Inc. purchased a new position in shares of Old Republic International Corporation during the second quarter valued at about $320,000. Alpha Windward LLC boosted its position in shares of Old Republic International Corporation by 7.0% in the second quarter. Alpha Windward LLC now owns 24,792 shares of the insurance provider’s stock valued at $484,000 after buying an additional 1,632 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of 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 valued at $1,248,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.35 on Thursday. The company has a market capitalization of $5.05 billion, a PE ratio of 12.22 and a beta of 1.32. The firm has a 50-day moving average price of $19.56 and a 200-day moving average price of $20.05. Old Republic International Corporation has a 1-year low of $16.51 and a 1-year high of $21.19.
Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. Old Republic International Corporation’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Equities analysts anticipate that Old Republic International Corporation will post $1.45 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2017/08/10/court-place-advisors-llc-acquires-new-stake-in-old-republic-international-corporation-ori-updated-updated.html.
A number of equities research analysts have issued reports on ORI shares. Zacks Investment Research cut Old Republic International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub cut Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.
In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction 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 owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven J. Bateman acquired 5,000 shares of Old Republic International Corporation stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $19.56 per share, for a total transaction of $97,800.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is currently 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.
Receive News & Ratings for Old Republic International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
