Sadoff Investment Management LLC boosted its stake in Old Republic International Corp. (NYSE:ORI) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 522,299 shares of the company’s stock after buying an additional 2,700 shares during the period. Sadoff Investment Management LLC owned 0.20% of Old Republic International Corp. worth $9,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Bank of New York Mellon Corp boosted its position in Old Republic International Corp. by 42.2% in the second quarter. Bank of New York Mellon Corp now owns 4,781,994 shares of the company’s stock valued at $92,246,000 after buying an additional 1,418,561 shares during the last quarter. Vanguard Group Inc. boosted its position in Old Republic International Corp. by 5.4% in the second quarter. Vanguard Group Inc. now owns 17,974,717 shares of the company’s stock valued at $346,732,000 after buying an additional 914,835 shares during the last quarter. AQR Capital Management LLC boosted its position in Old Republic International Corp. by 55.2% in the second quarter. AQR Capital Management LLC now owns 2,396,122 shares of the company’s stock valued at $46,221,000 after buying an additional 852,151 shares during the last quarter. Bank of Montreal Can purchased a new position in Old Republic International Corp. during the second quarter valued at $14,025,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Old Republic International Corp. by 21.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,523,393 shares of the company’s stock valued at $67,968,000 after buying an additional 632,268 shares during the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

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

Old Republic International Corp. (NYSE:ORI) traded up 0.39% during mid-day trading on Friday, hitting $17.84. The stock had a trading volume of 1,547,903 shares. Old Republic International Corp. has a 52 week low of $16.51 and a 52 week high of $20.00. The stock has a market capitalization of $4.63 billion, a P/E ratio of 12.01 and a beta of 1.16. The company’s 50 day moving average is $17.64 and its 200-day moving average is $18.65.

Old Republic International Corp. (NYSE:ORI) last issued its earnings results on Thursday, October 27th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm earned $1.49 billion during the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International Corp. had a net margin of 7.29% and a return on equity of 8.90%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. On average, analysts expect that Old Republic International Corp. will post $1.35 EPS 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 related news, CEO Aldo C. Zucaro acquired 2,920 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were bought at an average cost of $16.61 per share, for a total transaction of $48,501.20. Following the purchase, the chief executive officer now owns 1,250,000 shares in the company, valued at approximately $20,762,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aldo C. Zucaro acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $16.87 per share, for a total transaction of $84,350.00. Following the completion of the purchase, the chief executive officer now owns 1,255,000 shares in the company, valued at approximately $21,171,850. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company 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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