SPC Financial Inc. Sells 8,490 Shares of Old Republic International Co. (NYSE:ORI)

SPC Financial Inc. reduced its holdings in shares of Old Republic International Co. (NYSE:ORI) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,560 shares of the insurance provider’s stock after selling 8,490 shares during the quarter. SPC Financial Inc.’s holdings in Old Republic International were worth $1,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORI. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Old Republic International during the 1st quarter worth approximately $27,593,000. BlackRock Inc. boosted its stake in shares of Old Republic International by 3.1% during the 1st quarter. BlackRock Inc. now owns 32,854,067 shares of the insurance provider’s stock worth $687,308,000 after acquiring an additional 998,205 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Old Republic International by 55.1% during the 1st quarter. Wells Fargo & Company MN now owns 2,077,261 shares of the insurance provider’s stock worth $43,457,000 after acquiring an additional 737,560 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Old Republic International by 565.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 477,736 shares of the insurance provider’s stock valued at $10,692,000 after purchasing an additional 405,900 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in Old Republic International by 89.8% in the 1st quarter. Retirement Systems of Alabama now owns 699,290 shares of the insurance provider’s stock valued at $14,629,000 after purchasing an additional 330,776 shares during the period. Institutional investors own 73.18% of the company’s stock.

NYSE ORI traded up $0.21 during midday trading on Thursday, hitting $21.90. The company had a trading volume of 117,363 shares, compared to its average volume of 1,630,692. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17. Old Republic International Co. has a twelve month low of $19.55 and a twelve month high of $23.39. The stock has a market cap of $6.76 billion, a P/E ratio of 11.80 and a beta of 0.80. The business has a 50-day moving average of $22.79.



Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Old Republic International had a return on equity of 10.21% and a net margin of 11.35%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. Old Republic International’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts predict that Old Republic International Co. will post 1.85 EPS for the current fiscal year.

In other news, insider Charles S. Boone sold 30,500 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $22.69, for a total transaction of $692,045.00. Following the completion of the transaction, the insider now owns 22,750 shares of the company’s stock, valued at approximately $516,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

Several brokerages have weighed in on ORI. JMP Securities cut Old Republic International from an “outperform” rating to a “market perform” rating in a report on Friday, July 12th. Zacks Investment Research cut Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th.

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

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