90,200 Shares in Old Republic International Corporation (ORI) Acquired by Gargoyle Investment Advisor L.L.C.

Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 90,200 shares of the insurance provider’s stock, valued at approximately $1,762,000.

Several other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Old Republic International Corporation by 61.6% in the first quarter. Renaissance Technologies LLC now owns 6,009,785 shares of the insurance provider’s stock valued at $123,080,000 after buying an additional 2,291,700 shares during the period. Vanguard Group Inc. raised its position in shares of Old Republic International Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 20,860,548 shares of the insurance provider’s stock valued at $427,223,000 after buying an additional 1,052,647 shares during the period. American Century Companies Inc. raised its position in shares of Old Republic International Corporation by 2,544.5% in the first quarter. American Century Companies Inc. now owns 874,470 shares of the insurance provider’s stock valued at $17,909,000 after buying an additional 841,402 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in shares of Old Republic International Corporation by 1,835.8% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 696,900 shares of the insurance provider’s stock valued at $14,273,000 after buying an additional 660,900 shares during the period. Finally, Alleghany Corp DE raised its position in shares of Old Republic International Corporation by 22.8% in the first quarter. Alleghany Corp DE now owns 3,070,963 shares of the insurance provider’s stock valued at $62,893,000 after buying an additional 570,963 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Corporation (NYSE:ORI) opened at 19.10 on Monday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 12.04 and a beta of 1.32. Old Republic International Corporation has a 1-year low of $16.51 and a 1-year high of $21.19. The firm has a 50-day moving average price of $19.53 and a 200 day moving average price of $20.04.

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

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Several equities analysts have recently issued reports on ORI shares. Zacks Investment Research raised Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, May 2nd. BidaskClub lowered Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.

In related news, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following 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 at this hyperlink. 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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