Contravisory Investment Management Inc. lowered its position in shares of Old Republic International Corp. (NYSE:ORI) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334,882 shares of the company’s stock after selling 16,261 shares during the period. Contravisory Investment Management Inc. owned 0.13% of Old Republic International Corp. worth $5,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Trust N.A. raised its position in Old Republic International Corp. by 1.3% in the second quarter. Raymond James Trust N.A. now owns 12,986 shares of the company’s stock worth $250,000 after buying an additional 165 shares during the last quarter. Picton Mahoney Asset Management raised its position in Old Republic International Corp. by 0.3% in the second quarter. Picton Mahoney Asset Management now owns 98,300 shares of the company’s stock worth $1,896,000 after buying an additional 300 shares during the last quarter. Krilogy Financial LLC raised its position in Old Republic International Corp. by 2.3% in the second quarter. Krilogy Financial LLC now owns 20,045 shares of the company’s stock worth $387,000 after buying an additional 459 shares during the last quarter. Sterling Capital Management LLC raised its position in Old Republic International Corp. by 0.3% in the second quarter. Sterling Capital Management LLC now owns 151,736 shares of the company’s stock worth $2,927,000 after buying an additional 460 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Old Republic International Corp. by 3.5% in the second quarter. Wedbush Securities Inc. now owns 16,039 shares of the company’s stock worth $309,000 after buying an additional 542 shares during the last quarter. 69.87% of the stock is currently owned by institutional investors.

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

Old Republic International Corp. (NYSE:ORI) traded up 0.39% on Friday, reaching $17.84. The company had a trading volume of 1,547,803 shares. The company’s 50 day moving average price is $17.64 and its 200-day moving average price is $18.65. Old Republic International Corp. has a 12 month low of $16.51 and a 12 month high of $20.00. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 12.01 and a beta of 1.16.

Old Republic International Corp. (NYSE:ORI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company earned $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. Old Republic International Corp. had a net margin of 7.29% and a return on equity of 8.90%. Old Republic International Corp.’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts predict that Old Republic International Corp. will post $1.35 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered Old Republic International Corp. from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd.

In other Old Republic International Corp. news, CEO Aldo C. Zucaro acquired 2,920 shares of Old Republic International Corp. stock in a transaction on Monday, October 31st. The shares were bought at an average price of $16.61 per share, with a total value of $48,501.20. Following the completion of the purchase, the chief executive officer now owns 1,250,000 shares in the company, valued at $20,762,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mieghem Dennis P. Van acquired 2,000 shares of Old Republic International Corp. stock in a transaction on Monday, October 31st. The stock was acquired at an average cost of $16.72 per share, for a total transaction of $33,440.00. Following the purchase, the director now owns 5,675 shares of the company’s stock, valued at approximately $94,886. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

About Old Republic International Corp.

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.

5 Day Chart for NYSE:ORI

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