Gargoyle Investment Advisor L.L.C. acquired a new position in shares of 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 acquired 90,200 shares of the insurance provider’s stock, valued at approximately $1,762,000.

Several other large investors also recently modified their holdings of ORI. Louisiana State Employees Retirement System boosted its stake in shares of Old Republic International Corporation by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock worth $1,248,000 after buying an additional 2,200 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of 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. Public Employees Retirement System of Ohio boosted its stake in shares of Old Republic International Corporation by 5.1% in the first quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock worth $2,552,000 after buying an additional 6,040 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Old Republic International Corporation by 46.3% in the second quarter. Fox Run Management L.L.C. now owns 29,700 shares of the insurance provider’s stock worth $580,000 after buying an additional 9,400 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of 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. Institutional investors and hedge funds own 71.35% of the company’s stock.

Old Republic International Corporation (ORI) opened at 19.10 on Monday. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 12.04 and a beta of 1.32. The company’s 50-day moving average price is $19.53 and its 200-day moving average price is $20.04. Old Republic International Corporation has a 12-month low of $16.51 and a 12-month high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. Old Republic International Corporation’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Equities analysts expect that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/14/gargoyle-investment-advisor-l-l-c-takes-position-in-old-republic-international-corporation-nyseori.html.

ORI has been the topic of a number of recent analyst reports. BidaskClub cut shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Zacks Investment Research cut shares of Old Republic International Corporation from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Tuesday, May 30th.

In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was 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 legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Corporation (NYSE:ORI).

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

Receive News & Stock Ratings for Old Republic International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International Corporation and related stocks with our FREE daily email newsletter.