Systematic Financial Management LP Raises Position in Old Republic International Co. (ORI)

Systematic Financial Management LP lifted its stake in Old Republic International Co. (NYSE:ORI) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 789,891 shares of the insurance provider’s stock after purchasing an additional 24,090 shares during the period. Systematic Financial Management LP owned 0.26% of Old Republic International worth $17,678,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Itau Unibanco Holding S.A. boosted its stake in Old Republic International by 535.2% in the second quarter. Itau Unibanco Holding S.A. now owns 7,470 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 6,294 shares during the last quarter. Cerebellum GP LLC bought a new position in Old Republic International in the third quarter valued at approximately $182,000. Advisors Asset Management Inc. boosted its stake in Old Republic International by 239.0% in the second quarter. Advisors Asset Management Inc. now owns 10,074 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 7,102 shares during the last quarter. IFP Advisors Inc boosted its stake in Old Republic International by 68.2% in the third quarter. IFP Advisors Inc now owns 9,461 shares of the insurance provider’s stock valued at $212,000 after acquiring an additional 3,836 shares during the last quarter. Finally, First Midwest Bank Trust Division bought a new position in Old Republic International in the third quarter valued at approximately $219,000. 71.97% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

In other Old Republic International news, CFO Karl W. Mueller sold 9,879 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 26,787 shares of the company’s stock, valued at $589,314. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Shares of ORI stock opened at $21.80 on Tuesday. Old Republic International Co. has a 52-week low of $19.48 and a 52-week high of $23.05. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 19.64 and a beta of 1.06. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.18.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Old Republic International had a net margin of 12.01% and a return on equity of 10.18%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, equities analysts anticipate that Old Republic International Co. will post 1.85 earnings per share for the current year.

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

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