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

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORI. Vanguard Group Inc. raised its stake in Old Republic International Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 20,860,548 shares of the insurance provider’s stock worth $427,223,000 after buying an additional 1,052,647 shares during the period. Dimensional Fund Advisors LP raised its stake in Old Republic International Corporation by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,970,358 shares of the insurance provider’s stock worth $142,751,000 after buying an additional 242,429 shares during the period. Renaissance Technologies LLC raised its stake in Old Republic International Corporation by 61.6% in the first quarter. Renaissance Technologies LLC now owns 6,009,785 shares of the insurance provider’s stock worth $123,080,000 after buying an additional 2,291,700 shares during the period. First Manhattan Co. raised its stake in Old Republic International Corporation by 0.6% in the first quarter. First Manhattan Co. now owns 5,665,886 shares of the insurance provider’s stock worth $99,833,000 after buying an additional 34,264 shares during the period. Finally, Alleghany Corp DE raised its stake in Old Republic International Corporation by 22.8% in the first quarter. Alleghany Corp DE now owns 3,070,963 shares of the insurance provider’s stock worth $62,893,000 after buying an additional 570,963 shares during the period. Institutional investors own 70.84% of the company’s stock.

Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.10 on Friday. The stock has a 50 day moving average of $19.53 and a 200-day moving average of $20.04. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 12.04 and a beta of 1.32. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The company’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 EPS for the current fiscal year.

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ORI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th.

In other news, Director Arnold L. Steiner sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the sale, the director now owns 270,237 shares in the company, valued at approximately $5,469,596.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven J. Bateman acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $19.56 per share, for a total transaction of $97,800.00. Following the purchase, the director now owns 15,000 shares in the company, valued at $293,400. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Old Republic International Corporation Company Profile

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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