James Investment Research Inc. acquired a new position in shares of Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,070 shares of the insurance provider’s stock, valued at approximately $1,212,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pegasus Partners Ltd. bought a new position in Old Republic International Corporation during the fourth quarter worth $2,681,000. CIBC World Markets Inc. raised 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 during the period. Raymond James Trust N.A. raised its position in Old Republic International Corporation by 29.9% in the first quarter. Raymond James Trust N.A. now owns 16,574 shares of the insurance provider’s stock worth $339,000 after buying an additional 3,814 shares during the period. CHURCHILL MANAGEMENT Corp raised its position in Old Republic International Corporation by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,102,731 shares of the insurance provider’s stock worth $22,584,000 after buying an additional 36,704 shares during the period. Finally, Public Employees Retirement System of Ohio raised 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 during the period. 70.97% of the stock is owned by institutional investors.

Old Republic International Corporation (NYSE ORI) opened at 19.70 on Friday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 12.41 and a beta of 1.32. The company’s 50-day moving average price is $19.75 and its 200-day moving average price is $20.01. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. Old Republic International Corporation had a return on equity of 9.54% and a net margin of 7.70%. Old Republic International Corporation’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts expect that Old Republic International Corporation will post $1.47 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/07/22/james-investment-research-inc-acquires-shares-of-62070-old-republic-international-corporation-ori.html.

A number of research analysts recently weighed in on ORI shares. Zacks Investment Research lowered Old Republic International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, March 30th. BidaskClub lowered Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

In other news, Director Arnold L. Steiner sold 20,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the director now owns 270,237 shares in the company, valued at approximately $5,469,596.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Bateman acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $19.56 per share, with a total value of $97,800.00. Following the acquisition, the director now 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 owned by corporate 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.

Institutional Ownership by Quarter for Old Republic International Corporation (NYSE:ORI)

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.