Comerica Bank decreased its position in Old Republic International Corporation (NYSE:ORI) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213,908 shares of the insurance provider’s stock after selling 94,541 shares during the quarter. Comerica Bank owned approximately 0.46% of Old Republic International Corporation worth $24,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Renaissance Technologies LLC grew its stake in shares of Old Republic International Corporation by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock worth $133,300,000 after acquiring an additional 815,600 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Old Republic International Corporation in the 2nd quarter worth $385,000. Janus Henderson Group PLC bought a new stake in shares of Old Republic International Corporation in the 2nd quarter worth $7,344,000. Rafferty Asset Management LLC grew its stake in shares of Old Republic International Corporation by 664.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 334,853 shares of the insurance provider’s stock worth $6,540,000 after acquiring an additional 291,039 shares in the last quarter. Finally, AHL Partners LLP grew its stake in shares of Old Republic International Corporation by 229.5% in the 2nd quarter. AHL Partners LLP now owns 398,574 shares of the insurance provider’s stock worth $7,784,000 after acquiring an additional 277,605 shares in the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

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A number of brokerages recently weighed in on ORI. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. raised shares of Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $25.00 in a report on Monday, October 30th.

Shares of Old Republic International Corporation (ORI) traded up $0.04 during trading hours on Tuesday, hitting $20.87. 2,538,800 shares of the company were exchanged, compared to its average volume of 1,340,557. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5,495.09, a P/E ratio of 17.07 and a beta of 1.36. Old Republic International Corporation has a 52 week low of $17.37 and a 52 week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Old Republic International Corporation had a net margin of 6.45% and a return on equity of 7.50%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. analysts predict that Old Republic International Corporation will post 1.17 EPS for the current year.

About Old Republic International Corporation

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.

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

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