Old Republic International Corporation (ORI) Shares Bought by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC grew its position in Old Republic International Corporation (NYSE:ORI) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,837 shares of the insurance provider’s stock after acquiring an additional 27,367 shares during the period. Old Republic International Corporation comprises 0.9% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 2nd largest holding. Quantitative Systematic Strategies LLC owned 0.06% of Old Republic International Corporation worth $3,324,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ORI. Ffcm LLC boosted its holdings in shares of Old Republic International Corporation by 185.0% in the second quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3,900 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. purchased a new stake in Old Republic International Corporation during the second quarter worth about $174,000. Chicago Partners Investment Group LLC purchased a new stake in Old Republic International Corporation during the second quarter worth about $181,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Old Republic International Corporation by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock worth $189,000 after buying an additional 710 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Old Republic International Corporation during the second quarter worth about $206,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Old Republic International Corporation (ORI) Shares Bought by Quantitative Systematic Strategies LLC” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://ledgergazette.com/2017/10/20/old-republic-international-corporation-ori-shares-bought-by-quantitative-systematic-strategies-llc.html.

Old Republic International Corporation (ORI) traded down 0.46% during mid-day trading on Friday, reaching $19.60. 986,012 shares of the company were exchanged. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19. The stock has a market capitalization of $5.12 billion, a P/E ratio of 12.35 and a beta of 1.30. The company’s 50 day moving average price is $19.48 and its 200-day moving average price is $19.66.

Old Republic International Corporation (NYSE:ORI) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. On average, equities analysts expect that Old Republic International Corporation will post $1.33 earnings per share for the current fiscal year.

A number of analysts recently commented on ORI shares. BidaskClub downgraded shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

About Old Republic International Corporation

Old Republi

Several other large investors have also recently modified their holdings of ORI. Ffcm LLC boosted its holdings in shares of Old Republic International Corporation by 185.0% in the second quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3,900 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. purchased a new stake in Old Republic International Corporation during the second quarter worth about $174,000. Chicago Partners Investment Group LLC purchased a new stake in Old Republic International Corporation during the second quarter worth about $181,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Old Republic International Corporation by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock worth $189,000 after buying an additional 710 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Old Republic International Corporation during the second quarter worth about $206,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Old Republic International Corporation (ORI) Shares Bought by Quantitative Systematic Strategies LLC” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://ledgergazette.com/2017/10/20/old-republic-international-corporation-ori-shares-bought-by-quantitative-systematic-strategies-llc.html.

Old Republic International Corporation (ORI) traded down 0.46% during mid-day trading on Friday, reaching $19.60. 986,012 shares of the company were exchanged. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19. The stock has a market capitalization of $5.12 billion, a P/E ratio of 12.35 and a beta of 1.30. The company’s 50 day moving average price is $19.48 and its 200-day moving average price is $19.66.

Old Republic International Corporation (NYSE:ORI) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. On average, equities analysts expect that Old Republic International Corporation will post $1.33 earnings per share for the current fiscal year.

A number of analysts recently commented on ORI shares. BidaskClub downgraded shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

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.

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

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