Bank of Montreal Can boosted its stake in Old Republic International Co. (NYSE:ORI) by 19.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 83,678 shares of the insurance provider’s stock after purchasing an additional 13,695 shares during the period. Bank of Montreal Can’s holdings in Old Republic International were worth $1,871,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in Old Republic International by 7.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,432,616 shares of the insurance provider’s stock valued at $28,524,000 after purchasing an additional 101,814 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Old Republic International by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 721,939 shares of the insurance provider’s stock valued at $14,374,000 after purchasing an additional 53,381 shares during the last quarter. California Public Employees Retirement System increased its holdings in Old Republic International by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 734,310 shares of the insurance provider’s stock valued at $14,620,000 after purchasing an additional 71,301 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Old Republic International by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 256,515 shares of the insurance provider’s stock valued at $5,108,000 after purchasing an additional 14,195 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Old Republic International by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,102,293 shares of the insurance provider’s stock valued at $23,644,000 after purchasing an additional 50,426 shares during the last quarter. Hedge funds and other institutional investors own 71.99% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Thursday, September 27th.
Old Republic International stock opened at $22.27 on Friday. Old Republic International Co. has a fifty-two week low of $19.48 and a fifty-two week high of $23.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $6.80 billion, a P/E ratio of 20.06 and a beta of 1.06.
Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.12. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.56 billion. Old Republic International had a net margin of 12.01% and a return on equity of 10.18%. On average, sell-side analysts expect that Old Republic International Co. will post 1.85 EPS for the current year.
In other Old Republic International news, CFO Karl W. Mueller sold 9,879 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $22.00, for a total value of $217,338.00. Following the completion of the transaction, the chief financial officer now owns 26,787 shares in the company, valued at $589,314. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.
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Old Republic International Profile
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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