United Fire Group Inc. maintained its stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, Holdings Channel reports. The firm owned 254,690 shares of the insurance provider’s stock at the end of the second quarter. Old Republic International Corporation makes up 1.8% of United Fire Group Inc.’s portfolio, making the stock its 18th largest position. United Fire Group Inc.’s holdings in Old Republic International Corporation were worth $4,974,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Raymond James Trust N.A. increased its stake in 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 valued at $339,000 after buying an additional 3,814 shares in the last quarter. Creative Planning increased its stake in Old Republic International Corporation by 117.6% in the first quarter. Creative Planning now owns 17,712 shares of the insurance provider’s stock valued at $363,000 after buying an additional 9,571 shares in the last quarter. Alpha Windward LLC acquired a new stake in Old Republic International Corporation during the first quarter valued at approximately $474,000. Fox Run Management L.L.C. acquired a new stake in Old Republic International Corporation during the first quarter valued at approximately $416,000. Finally, Viking Fund Management LLC increased its stake in Old Republic International Corporation by 5.0% in the first quarter. Viking Fund Management LLC now owns 126,000 shares of the insurance provider’s stock valued at $2,580,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.

Old Republic International Corporation (NYSE ORI) opened at 19.13 on Friday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 12.05 and a beta of 1.32. The firm’s 50-day moving average is $19.54 and its 200 day moving average is $20.04. Old Republic International Corporation has a 12-month low of $16.51 and a 12-month high of $21.19.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 business 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 business earned $0.35 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.

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

In related news, Director Arnold L. Steiner sold 20,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,469,596.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Bateman purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $19.56 per share, with a total value of $97,800.00. Following the purchase, 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. Company insiders own 2.30% of the company’s stock.

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.

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

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