SPC Financial Inc. Has $1.47 Million Position in Old Republic International Corporation (ORI)

SPC Financial Inc. boosted its holdings in Old Republic International Corporation (NYSE:ORI) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,715 shares of the insurance provider’s stock after acquiring an additional 2,935 shares during the quarter. SPC Financial Inc.’s holdings in Old Republic International Corporation were worth $1,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ORI. Ffcm LLC increased its position in Old Republic International Corporation by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3,900 shares during the period. Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in Old Republic International Corporation in the 2nd quarter valued at approximately $174,000. Chicago Partners Investment Group LLC acquired a new stake in Old Republic International Corporation in the 2nd quarter valued at approximately $181,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Old Republic International Corporation by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 710 shares during the period. Finally, Hartford Investment Management Co. acquired a new stake in Old Republic International Corporation in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.

Shares of Old Republic International Corporation (ORI) traded up 4.10% during trading on Monday, hitting $20.30. The stock had a trading volume of 1,557,791 shares. The stock’s 50 day moving average is $19.61 and its 200 day moving average is $19.64. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 12.79 and a beta of 1.30.

Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Old Republic International Corporation had a return on equity of 7.50% and a net margin of 6.45%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Old Republic International Corporation will post $1.10 earnings per share for the current fiscal year.

Several analysts recently commented on ORI shares. Zacks Investment Research upgraded Old Republic International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub cut Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Raymond James Financial, Inc. upgraded Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Monday.

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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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