Strs Ohio Raises Stake in Old Republic International Co. (NYSE:ORI)

Strs Ohio lifted its position in shares of Old Republic International Co. (NYSE:ORI) by 45.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 73,413 shares of the insurance provider’s stock after purchasing an additional 22,831 shares during the quarter. Strs Ohio’s holdings in Old Republic International were worth $1,197,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Old Republic International in the 4th quarter worth approximately $71,968,000. Miller Howard Investments Inc. NY raised its position in shares of Old Republic International by 37.1% in the 1st quarter. Miller Howard Investments Inc. NY now owns 2,302,627 shares of the insurance provider’s stock valued at $35,115,000 after purchasing an additional 622,642 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Old Republic International by 460.6% in the 4th quarter. Janus Henderson Group PLC now owns 638,750 shares of the insurance provider’s stock valued at $14,289,000 after purchasing an additional 524,800 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of Old Republic International by 45.0% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,600,464 shares of the insurance provider’s stock valued at $24,407,000 after purchasing an additional 496,500 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Old Republic International by 18.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,100,485 shares of the insurance provider’s stock valued at $47,282,000 after purchasing an additional 483,360 shares in the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.

In related news, Director Aldo C. Zucaro bought 1,500 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $18.22 per share, with a total value of $27,330.00. Following the completion of the transaction, the director now directly owns 1,305,080 shares of the company’s stock, valued at $23,778,557.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Bateman bought 2,500 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was bought at an average cost of $16.33 per share, for a total transaction of $40,825.00. Following the completion of the transaction, the director now directly owns 21,476 shares of the company’s stock, valued at $350,703.08. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 12,900 shares of company stock worth $199,034. Corporate insiders own 1.90% of the company’s stock.

ORI stock opened at $16.07 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.89 billion, a P/E ratio of 17.66 and a beta of 0.86. Old Republic International Co. has a 12-month low of $11.88 and a 12-month high of $24.10. The stock’s 50 day simple moving average is $16.27 and its 200 day simple moving average is $17.79.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.95 billion. Old Republic International had a return on equity of 9.87% and a net margin of 4.26%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, research analysts forecast that Old Republic International Co. will post 1.7 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Raymond James cut their target price on Old Republic International from $23.00 to $21.00 and set a “strong-buy” rating on the stock in a research report on Monday, April 27th. ValuEngine lowered Old Republic International from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research raised Old Republic International from a “sell” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Thursday, June 18th.

Old Republic International Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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

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