Old Republic International Corporation (ORI) Position Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,545 shares of the insurance provider’s stock after selling 16,068 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Old Republic International Corporation were worth $2,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of Old Republic International Corporation by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock valued at $133,300,000 after acquiring an additional 815,600 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Old Republic International Corporation in the 2nd quarter valued at about $385,000. Janus Henderson Group PLC purchased a new position in Old Republic International Corporation during the 2nd quarter valued at about $7,344,000. Rafferty Asset Management LLC increased its holdings in Old Republic International Corporation by 664.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 334,853 shares of the insurance provider’s stock valued at $6,540,000 after purchasing an additional 291,039 shares during the period. Finally, AHL Partners LLP increased its holdings in Old Republic International Corporation by 229.5% during the 2nd quarter. AHL Partners LLP now owns 398,574 shares of the insurance provider’s stock valued at $7,784,000 after purchasing an additional 277,605 shares during the period. Institutional investors and hedge funds own 71.23% of the company’s stock.

ORI has been the topic of a number of research analyst reports. BidaskClub downgraded Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. upgraded Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $25.00 in a report on Monday, October 30th.

Old Republic International Corporation (NYSE:ORI) opened at $20.44 on Friday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.69 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.29 and a quick ratio of 0.50.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts expect that Old Republic International Corporation will post 1.17 earnings per share for the current year.

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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.

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

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