Systematic Financial Management LP Sells 164,794 Shares of Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 72.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,681 shares of the insurance provider’s stock after selling 164,794 shares during the period. Systematic Financial Management LP’s holdings in Old Republic International were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ORI. Manning & Napier Group LLC boosted its holdings in shares of Old Republic International by 1.9% in the 1st quarter. Manning & Napier Group LLC now owns 34,990 shares of the insurance provider’s stock valued at $731,000 after buying an additional 660 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Old Republic International by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 76,200 shares of the insurance provider’s stock valued at $1,594,000 after buying an additional 700 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in shares of Old Republic International by 4.9% in the 2nd quarter. Ridgewood Investments LLC now owns 17,894 shares of the insurance provider’s stock valued at $400,000 after buying an additional 841 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of Old Republic International by 0.5% in the 1st quarter. Twin Capital Management Inc. now owns 187,770 shares of the insurance provider’s stock valued at $3,928,000 after buying an additional 940 shares in the last quarter. Finally, Inlet Private Wealth LLC boosted its holdings in shares of Old Republic International by 5.3% in the 1st quarter. Inlet Private Wealth LLC now owns 19,999 shares of the insurance provider’s stock valued at $418,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

In other Old Republic International news, insider Charles S. Boone sold 30,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $22.69, for a total transaction of $692,045.00. Following the completion of the transaction, the insider now directly owns 22,750 shares of the company’s stock, valued at approximately $516,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Shares of Old Republic International stock traded down $0.21 during midday trading on Friday, hitting $22.61. The company had a trading volume of 62,004 shares, compared to its average volume of 1,522,294. The stock has a market capitalization of $6.92 billion, a PE ratio of 12.18 and a beta of 0.80. The company has a current ratio of 1.28, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $22.82. Old Republic International Co. has a 12-month low of $19.55 and a 12-month high of $23.39.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Old Republic International had a net margin of 11.35% and a return on equity of 10.21%. Old Republic International’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Old Republic International Co. will post 1.85 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. JMP Securities cut shares of Old Republic International from an “outperform” rating to a “market perform” rating in a report on Friday, July 12th.

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

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