Metropolitan Life Insurance Co. NY decreased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,710 shares of the insurance provider’s stock after selling 407 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.09% of Old Republic International Corporation worth $4,664,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Pegasus Partners Ltd. bought a new position in shares of Old Republic International Corporation during the fourth quarter worth about $2,681,000. CIBC World Markets Inc. boosted its stake 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 in the last quarter. Norges Bank acquired a new stake in Old Republic International Corporation during the fourth quarter worth $62,167,000. Raymond James Trust N.A. boosted its stake 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 in the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 70.94% of the company’s stock.

Shares of Old Republic International Corporation (NYSE ORI) remained flat at $19.34 during mid-day trading on Thursday. 972,146 shares of the stock traded hands. The firm has a 50-day moving average price of $19.71 and a 200 day moving average price of $20.05. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19. The stock has a market cap of $5.10 billion, a P/E ratio of 12.24 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts expect that Old Republic International Corporation will post $1.47 EPS for the current year.

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Several research firms have recently commented on ORI. Zacks Investment Research cut Old Republic International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.

In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the company’s 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 transaction, the director now owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Bateman bought 5,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $19.56 per share, for a total transaction of $97,800.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $293,400. The disclosure for this purchase can be found here. 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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