SG Americas Securities LLC Has $2.12 Million Stock Position in Old Republic International Co. (NYSE:ORI)

SG Americas Securities LLC raised its position in Old Republic International Co. (NYSE:ORI) by 19.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 90,023 shares of the insurance provider’s stock after purchasing an additional 14,884 shares during the period. SG Americas Securities LLC’s holdings in Old Republic International were worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC grew its stake in shares of Old Republic International by 1,583.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,448 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 1,362 shares during the period. Pearl River Capital LLC bought a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $37,000. Quest Capital Management Inc. ADV bought a new stake in shares of Old Republic International in the 3rd quarter valued at approximately $40,000. Hillsdale Investment Management Inc. bought a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $45,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $51,000. 75.38% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 16th. Raymond James lowered their price objective on Old Republic International from $27.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. Finally, ValuEngine upgraded Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.00.

In related news, CFO Karl W. Mueller sold 20,760 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $23.25, for a total transaction of $482,670.00. Following the sale, the chief financial officer now directly owns 52,539 shares in the company, valued at approximately $1,221,531.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Calderon Alberto sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $23.65, for a total value of $1,655,430.00. Over the last 90 days, insiders have purchased 600 shares of company stock worth $13,652 and have sold 109,510 shares worth $2,566,383. 1.90% of the stock is owned by corporate insiders.

Shares of ORI stock traded down $0.06 during trading hours on Friday, hitting $22.71. The company had a trading volume of 79,902 shares, compared to its average volume of 1,326,883. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 12.21 and a beta of 0.75. Old Republic International Co. has a 12 month low of $19.55 and a 12 month high of $24.10. The firm’s fifty day moving average is $23.10 and its 200 day moving average is $22.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 0.49.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.65 billion. Old Republic International had a return on equity of 9.76% and a net margin of 10.27%. Old Republic International’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. On average, sell-side analysts expect that Old Republic International Co. will post 1.75 EPS for the current fiscal year.

About Old Republic International

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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Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Co. (NYSE:ORI).

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

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