Zacks Investment Research downgraded shares of Old Republic International Corporation (NYSE:ORI) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages in the property and liability, mortgage guaranty, title and life and health insurance fields. “

Separately, BidaskClub cut Old Republic International Corporation from a sell rating to a strong sell rating in a report on Sunday, July 16th.

Old Republic International Corporation (NYSE:ORI) traded down 0.46% during trading on Tuesday, reaching $19.64. The company’s stock had a trading volume of 111,980 shares. The firm has a market capitalization of $5.13 billion, a P/E ratio of 12.38 and a beta of 1.30. The firm has a 50-day moving average price of $19.42 and a 200-day moving average price of $19.67. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. Old Republic International Corporation’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. On average, equities analysts anticipate that Old Republic International Corporation will post $1.43 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Old Republic International Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 21,094,198 shares of the insurance provider’s stock valued at $411,970,000 after purchasing an additional 233,650 shares during the period. Dimensional Fund Advisors LP raised its stake in Old Republic International Corporation by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,034,650 shares of the insurance provider’s stock valued at $137,392,000 after purchasing an additional 64,292 shares during the period. Renaissance Technologies LLC raised its stake in Old Republic International Corporation by 13.6% during the 2nd quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock valued at $133,300,000 after purchasing an additional 815,600 shares during the period. Prudential Financial Inc. raised its stake in Old Republic International Corporation by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 2,317,246 shares of the insurance provider’s stock valued at $45,256,000 after purchasing an additional 29,760 shares during the period. Finally, Geode Capital Management LLC raised its stake in Old Republic International Corporation by 9.6% during the 1st quarter. Geode Capital Management LLC now owns 2,207,338 shares of the insurance provider’s stock valued at $45,206,000 after purchasing an additional 193,581 shares during the period. 71.20% of the stock is currently owned by institutional investors.

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.

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