FCA Corp TX purchased a new position 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 firm purchased 65,530 shares of the insurance provider’s stock, valued at approximately $1,280,000.

Other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position 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 worth $6,593,000 after buying an additional 8,258 shares during the period. Blair William & Co. IL boosted its position 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 worth $2,000,000 after buying an additional 56,262 shares during the period. BNP Paribas Arbitrage SA boosted its position 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 worth $2,463,000 after buying an additional 62,778 shares during the period. Legal & General Group Plc boosted its position in Old Republic International Corporation by 5.2% in the second quarter. Legal & General Group Plc now owns 1,180,229 shares of the insurance provider’s stock worth $23,051,000 after buying an additional 58,636 shares during the period. Finally, Alps Advisors Inc. boosted its position in Old Republic International Corporation by 16.0% in the second quarter. Alps Advisors Inc. now owns 16,885 shares of the insurance provider’s stock worth $330,000 after buying an additional 2,327 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Corporation (ORI) traded down 0.21% during trading on Monday, hitting $19.07. 22,180 shares of the stock were exchanged. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $20.01. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 12.02 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by $0.02. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on ORI. Zacks Investment Research cut shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. 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.

In other news, Director Arnold L. Steiner sold 20,000 shares of the firm’s stock in a transaction that occurred 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 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.

Old Republic International Corporation Company Profile

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.

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

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