Bbva Compass Bancshares Inc. lowered its position in Old Republic International Corporation (NYSE:ORI) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 13,844 shares of the insurance provider’s stock after selling 75 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Old Republic International Corporation were worth $270,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Delta Asset Management LLC TN boosted its position in Old Republic International Corporation by 0.7% in the first quarter. Delta Asset Management LLC TN now owns 10,265 shares of the insurance provider’s stock worth $210,000 after buying an additional 75 shares in the last quarter. First Midwest Bank Trust Division boosted its position in Old Republic International Corporation by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 15,690 shares of the insurance provider’s stock worth $321,000 after buying an additional 85 shares in the last quarter. World Asset Management Inc boosted its position in Old Republic International Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 15,146 shares of the insurance provider’s stock worth $310,000 after buying an additional 270 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Old Republic International Corporation by 1.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 26,050 shares of the insurance provider’s stock worth $533,000 after buying an additional 390 shares in the last quarter. Finally, SPC Financial Inc. boosted its position in Old Republic International Corporation by 0.7% in the second quarter. SPC Financial Inc. now owns 71,780 shares of the insurance provider’s stock worth $1,402,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.

Old Republic International Corporation (ORI) opened at 19.35 on Thursday. The company’s 50-day moving average price is $19.56 and its 200-day moving average price is $20.05. The stock has a market capitalization of $5.05 billion, a PE 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 issued its earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the company earned $0.35 EPS. Old Republic International Corporation’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Old Republic International Corporation will post $1.45 EPS for the current year.

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A number of research firms have recently weighed in on ORI. Zacks Investment Research upgraded Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, May 24th. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.

In other news, Director Arnold L. Steiner sold 20,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,469,596.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Bateman bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $19.56 per share, with a total value of $97,800.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate 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.

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

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