Old Republic International Co. (ORI) Position Reduced by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in Old Republic International Co. (NYSE:ORI) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,588 shares of the insurance provider’s stock after selling 21,171 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Old Republic International were worth $1,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Old Republic International by 6.9% during the second quarter. BlackRock Inc. now owns 27,797,852 shares of the insurance provider’s stock worth $553,455,000 after buying an additional 1,798,214 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Old Republic International by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,126,185 shares of the insurance provider’s stock worth $141,884,000 after buying an additional 130,669 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Old Republic International by 1.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,557,968 shares of the insurance provider’s stock worth $70,839,000 after buying an additional 46,615 shares in the last quarter. Hamlin Capital Management LLC grew its holdings in shares of Old Republic International by 5.8% during the third quarter. Hamlin Capital Management LLC now owns 2,958,067 shares of the insurance provider’s stock worth $66,202,000 after buying an additional 161,314 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Old Republic International by 13.2% during the second quarter. Raymond James & Associates now owns 2,323,535 shares of the insurance provider’s stock worth $46,262,000 after buying an additional 271,600 shares in the last quarter. 71.99% of the stock is owned by institutional investors.

Old Republic International stock opened at $22.01 on Tuesday. Old Republic International Co. has a 52-week low of $19.48 and a 52-week high of $23.05. The firm has a market cap of $6.57 billion, a PE ratio of 19.83 and a beta of 1.06. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, October 25th. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.56 billion. Equities research analysts anticipate that Old Republic International Co. will post 1.85 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, August 1st.

In other news, CFO Karl W. Mueller sold 9,879 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $22.00, for a total transaction of $217,338.00. Following the completion of the sale, the chief financial officer now owns 26,787 shares of the company’s stock, valued at $589,314. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

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About Old Republic International

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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