Pioneer Investment Management Inc. boosted its position in shares of Old Republic International Corporation (NYSE:ORI) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 1,473,259 shares of the insurance provider’s stock after buying an additional 100,658 shares during the period. Pioneer Investment Management Inc.’s holdings in Old Republic International Corporation were worth $28,773,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Raymond James Trust N.A. increased its stake in shares of Old Republic International Corporation by 29.9% in the first quarter. Raymond James Trust N.A. now owns 16,574 shares of the insurance provider’s stock worth $339,000 after buying an additional 3,814 shares during the period. Creative Planning increased its stake in shares of Old Republic International Corporation by 117.6% in the first quarter. Creative Planning now owns 17,712 shares of the insurance provider’s stock worth $363,000 after buying an additional 9,571 shares during the period. GW&K Investment Management LLC increased its stake in shares of Old Republic International Corporation by 4.2% in the first quarter. GW&K Investment Management LLC now owns 1,522,518 shares of the insurance provider’s stock worth $31,181,000 after buying an additional 61,021 shares during the period. ELM Advisors LLC increased its stake in shares of Old Republic International Corporation by 12.1% in the first quarter. ELM Advisors LLC now owns 17,090 shares of the insurance provider’s stock worth $350,000 after buying an additional 1,850 shares during the period. Finally, Alpha Windward LLC purchased a new stake in shares of Old Republic International Corporation during the first quarter worth $474,000. Institutional investors and hedge funds own 70.84% of the company’s stock.

Shares of Old Republic International Corporation (NYSE ORI) opened at 19.35 on Thursday. The stock has a 50 day moving average price of $19.56 and a 200-day moving average price of $20.05. The company has a market capitalization of $5.05 billion, a P/E ratio of 12.22 and a beta of 1.32. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $0.35 EPS. Old Republic International Corporation’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Old Republic International Corporation (ORI) Shares Bought by Pioneer Investment Management Inc.” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/old-republic-international-corporation-ori-shares-bought-by-pioneer-investment-management-inc/1469257.html.

ORI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, May 2nd. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.

In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the sale, the director now owns 270,237 shares in the company, valued at approximately $5,469,596.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Bateman acquired 5,000 shares of Old Republic International Corporation stock in a transaction on Monday, May 15th. The stock was purchased at an average price of $19.56 per share, with a total value of $97,800.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Old Republic International Corporation Company Profile

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.

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 Corporation (NYSE:ORI).

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

Receive News & Ratings for Old Republic International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.