Great West Life Assurance Co. Can raised its position in shares of Old Republic International Corporation (NYSE:ORI) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 198,138 shares of the insurance provider’s stock after buying an additional 3,150 shares during the period. Great West Life Assurance Co. Can’s holdings in Old Republic International Corporation were worth $3,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ORI. Acrospire Investment Management LLC acquired a new position in shares of Old Republic International Corporation during the first quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Old Republic International Corporation by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock worth $183,000 after buying an additional 1,147 shares in the last quarter. Delta Asset Management LLC TN boosted its position in shares of Old Republic International Corporation by 0.7% in the first quarter. Delta Asset Management LLC TN now owns 10,265 shares of the insurance provider’s stock worth $210,000 after buying an additional 75 shares in the last quarter. Hartford Investment Management Co. acquired a new position in shares of Old Republic International Corporation during the second quarter worth about $206,000. Finally, National Asset Management Inc. boosted its position in shares of Old Republic International Corporation by 6.5% in the first quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock worth $240,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Old Republic International Corporation (NYSE:ORI) opened at 19.41 on Thursday. The stock’s 50 day moving average is $19.50 and its 200-day moving average is $20.02. The firm has a market capitalization of $5.07 billion, a PE ratio of 12.23 and a beta of 1.32. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, analysts anticipate that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on ORI. Zacks Investment Research cut shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 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 related news, Director Arnold L. Steiner sold 20,000 shares of the 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 completion of the transaction, the director now directly 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 can be accessed through this hyperlink. 2.30% of the stock is 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.

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

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