Canada Pension Plan Investment Board decreased its position in Old Republic International Corporation (NYSE:ORI) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,000 shares of the insurance provider’s stock after selling 4,400 shares during the period. Canada Pension Plan Investment Board’s holdings in Old Republic International Corporation were worth $1,122,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in shares of Old Republic International Corporation by 3.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock valued at $1,248,000 after buying an additional 2,200 shares during the period. APG Asset Management N.V. acquired a new position in shares of Old Republic International Corporation in the 3rd quarter valued at $5,182,000. Legal & General Group Plc grew its holdings in shares of Old Republic International Corporation by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 1,180,229 shares of the insurance provider’s stock valued at $23,051,000 after buying an additional 58,636 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Old Republic International Corporation by 8.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 123,278 shares of the insurance provider’s stock valued at $2,408,000 after buying an additional 9,187 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Old Republic International Corporation by 22.9% in the 2nd quarter. Nordea Investment Management AB now owns 95,761 shares of the insurance provider’s stock valued at $1,870,000 after buying an additional 17,814 shares during the period. 71.76% of the stock is owned by institutional investors.

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Several brokerages have recently issued reports on ORI. Zacks Investment Research lowered shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. raised shares of Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $25.00 in a report on Monday, October 30th.

Old Republic International Corporation (ORI) opened at $20.70 on Monday. The firm has a market cap of $5,460.80, a price-to-earnings ratio of 16.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.51. Old Republic International Corporation has a one year low of $17.53 and a one year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Old Republic International Corporation had a net margin of 6.45% and a return on equity of 7.50%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. analysts predict that Old Republic International Corporation will post 1.17 earnings per share for the current year.

Old Republic International Corporation 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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