NN Investment Partners Holdings N.V. Acquires New Stake in Old Republic International Corporation (ORI)

NN Investment Partners Holdings N.V. purchased a new position in shares of Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,219 shares of the insurance provider’s stock, valued at approximately $512,000.

Other large investors have also bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in Old Republic International Corporation during the first quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Old Republic International Corporation by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock valued at $183,000 after buying an additional 1,147 shares during the period. Delta Asset Management LLC TN boosted its stake in shares of 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 valued at $210,000 after buying an additional 75 shares during the period. National Asset Management Inc. boosted its stake in shares of Old Republic International Corporation by 6.5% in the first quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock valued at $240,000 after buying an additional 710 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Old Republic International Corporation during the first quarter valued at about $267,000. 70.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.10 on Friday. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19. The stock has a 50 day moving average price of $19.53 and a 200 day moving average price of $20.04. The company has a market capitalization of $4.99 billion, a PE ratio of 12.04 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Old Republic International Corporation will post $1.45 earnings per share for the current year.

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Several brokerages have recently issued reports on ORI. Zacks Investment Research cut Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub cut Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.

In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the stock in a transaction dated Friday, June 16th. The shares were 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 in the company, valued at approximately $5,469,596.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Bateman acquired 5,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $19.56 per share, with a total value of $97,800.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

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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