Westside Investment Management Inc. raised its holdings in Old Republic International Co. (NYSE:ORI) by 500.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the insurance provider’s stock after buying an additional 2,000 shares during the quarter. Westside Investment Management Inc.’s holdings in Old Republic International were worth $49,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ORI. Arlington Partners LLC bought a new stake in Old Republic International in the 4th quarter valued at $56,000. Essex Savings Bank acquired a new stake in shares of Old Republic International in the 4th quarter valued at $62,000. Advisors Asset Management Inc. boosted its stake in shares of Old Republic International by 239.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 10,074 shares of the insurance provider’s stock valued at $201,000 after purchasing an additional 7,102 shares in the last quarter. Round Table Services LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at $201,000. Finally, Keybank National Association OH acquired a new stake in shares of Old Republic International in the 4th quarter valued at $202,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Aldo C. Zucaro bought 5,000 shares of Old Republic International stock in a transaction dated Monday, January 28th. The shares were bought at an average price of $19.87 per share, for a total transaction of $99,350.00. Following the purchase, the chief executive officer now owns 1,260,080 shares of the company’s stock, valued at $25,037,789.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.
Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that Old Republic International Co. will post 1.85 EPS for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th. TheStreet downgraded shares of Old Republic International from a “b” rating to a “c+” rating in a research note on Thursday, January 24th.
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Old Republic International Company 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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