RiverPoint Capital Management LLC held its stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,360 shares of the insurance provider’s stock at the end of the second quarter. RiverPoint Capital Management LLC’s holdings in Old Republic International Corporation were worth $573,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cadence Capital Management LLC increased its stake in Old Republic International Corporation by 4.2% in the second quarter. Cadence Capital Management LLC now owns 35,668 shares of the insurance provider’s stock valued at $697,000 after buying an additional 1,449 shares during the period. FCA Corp TX bought a new stake in Old Republic International Corporation during the second quarter valued at $1,280,000. State Board of Administration of Florida Retirement System increased its stake in Old Republic International Corporation by 2.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 337,576 shares of the insurance provider’s stock valued at $6,593,000 after buying an additional 8,258 shares during the period. Blair William & Co. IL increased its stake in Old Republic International Corporation by 121.9% in the second quarter. Blair William & Co. IL now owns 102,425 shares of the insurance provider’s stock valued at $2,000,000 after buying an additional 56,262 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Old Republic International Corporation by 99.1% in the second quarter. BNP Paribas Arbitrage SA now owns 126,096 shares of the insurance provider’s stock valued at $2,463,000 after buying an additional 62,778 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.23 on Wednesday. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19. The stock’s 50 day moving average is $19.46 and its 200 day moving average is $19.98. The company has a market capitalization of $5.02 billion, a P/E ratio of 12.12 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last released 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 firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Old Republic International Corporation will post $1.45 EPS for the current year.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

In other Old Republic International Corporation 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 transaction of $404,800.00. Following the completion of the sale, the director now directly 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 accessible through 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.

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

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