Public Employees Retirement System of Ohio boosted its stake in Old Republic International Corporation (NYSE:ORI) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,613 shares of the insurance provider’s stock after buying an additional 6,040 shares during the period. Public Employees Retirement System of Ohio’s holdings in Old Republic International Corporation were worth $2,552,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in ORI. Quantitative Systematic Strategies LLC raised its stake in Old Republic International Corporation by 56.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 133,538 shares of the insurance provider’s stock valued at $2,734,000 after buying an additional 48,025 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Old Republic International Corporation during the first quarter valued at about $2,887,000. Louisiana State Employees Retirement System raised its stake in Old Republic International Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 61,700 shares of the insurance provider’s stock valued at $1,264,000 after buying an additional 1,300 shares during the period. Viking Fund Management LLC raised its stake in Old Republic International Corporation by 5.0% in the first quarter. Viking Fund Management LLC now owns 126,000 shares of the insurance provider’s stock valued at $2,580,000 after buying an additional 6,000 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Old Republic International Corporation during the first quarter valued at about $416,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.
Shares of Old Republic International Corporation (NYSE:ORI) traded up 1.31% during midday trading on Monday, reaching $19.35. 925,284 shares of the company were exchanged. The firm has a 50-day moving average of $19.53 and a 200 day moving average of $20.04. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19. The firm has a market capitalization of $5.05 billion, a P/E ratio of 12.19 and a beta of 1.32.
Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS 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 analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $0.35 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Old Republic International Corporation will post $1.45 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.
In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.
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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