Lincoln Capital Corp Grows Stock Holdings in Old Republic International Co. (NYSE:ORI)

Lincoln Capital Corp grew its holdings in Old Republic International Co. (NYSE:ORI) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,617 shares of the insurance provider’s stock after acquiring an additional 4,576 shares during the period. Old Republic International comprises 1.7% of Lincoln Capital Corp’s holdings, making the stock its 21st biggest position. Lincoln Capital Corp’s holdings in Old Republic International were worth $2,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORI. Nuveen Asset Management LLC lifted its stake in shares of Old Republic International by 113.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,428,683 shares of the insurance provider’s stock valued at $54,354,000 after purchasing an additional 1,288,469 shares during the period. First Trust Advisors LP lifted its stake in shares of Old Republic International by 351.5% in the 3rd quarter. First Trust Advisors LP now owns 1,375,765 shares of the insurance provider’s stock valued at $32,427,000 after purchasing an additional 1,071,043 shares during the period. PGGM Investments lifted its stake in shares of Old Republic International by 316.6% in the 3rd quarter. PGGM Investments now owns 1,215,297 shares of the insurance provider’s stock valued at $28,645,000 after purchasing an additional 923,589 shares during the period. UBS Group AG lifted its stake in shares of Old Republic International by 53.5% in the 2nd quarter. UBS Group AG now owns 1,880,859 shares of the insurance provider’s stock valued at $42,093,000 after purchasing an additional 655,772 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Old Republic International by 1.9% in the 2nd quarter. BlackRock Inc. now owns 33,466,270 shares of the insurance provider’s stock valued at $748,972,000 after purchasing an additional 612,203 shares during the period. Hedge funds and other institutional investors own 75.18% of the company’s stock.

Several equities analysts recently issued reports on ORI shares. Zacks Investment Research upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th. ValuEngine upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

NYSE:ORI traded up $0.17 during trading hours on Friday, reaching $22.90. 399,103 shares of the company were exchanged, compared to its average volume of 1,288,557. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $22.76. The firm has a market cap of $6.82 billion, a PE ratio of 12.31 and a beta of 0.73. Old Republic International Co. has a twelve month low of $19.68 and a twelve month high of $24.10.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Old Republic International had a net margin of 10.27% and a return on equity of 9.76%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, research analysts anticipate that Old Republic International Co. will post 1.75 EPS for the current year.

In other news, insider Calderon Alberto sold 70,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $23.65, for a total value of $1,655,430.00. Insiders have acquired 600 shares of company stock valued at $13,508 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

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

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