D. E. Shaw & Co. Inc. Decreases Position in Old Republic International Co. (ORI)

D. E. Shaw & Co. Inc. lessened its position in shares of Old Republic International Co. (NYSE:ORI) by 56.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 173,748 shares of the insurance provider’s stock after selling 229,537 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.06% of Old Republic International worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ORI. BlackRock Inc. increased its holdings in Old Republic International by 9.2% during the 3rd quarter. BlackRock Inc. now owns 30,341,553 shares of the insurance provider’s stock worth $679,042,000 after acquiring an additional 2,543,701 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Old Republic International by 2,099.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,315,174 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 2,209,917 shares during the period. Vanguard Group Inc increased its holdings in Old Republic International by 3.8% during the 3rd quarter. Vanguard Group Inc now owns 26,280,159 shares of the insurance provider’s stock worth $588,150,000 after acquiring an additional 958,745 shares during the period. Vanguard Group Inc. increased its holdings in Old Republic International by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 26,280,159 shares of the insurance provider’s stock worth $588,150,000 after acquiring an additional 958,745 shares during the period. Finally, Hamlin Capital Management LLC increased its holdings in Old Republic International by 19.4% during the 4th quarter. Hamlin Capital Management LLC now owns 3,530,638 shares of the insurance provider’s stock worth $72,625,000 after acquiring an additional 572,571 shares during the period. 73.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Aldo C. Zucaro purchased 5,000 shares of the business’s stock in a transaction on Monday, January 28th. The stock was acquired at an average price of $19.87 per share, with a total value of $99,350.00. Following the purchase, the chief executive officer now directly owns 1,260,080 shares in the company, valued at $25,037,789.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders acquired 5,600 shares of company stock valued at $111,828. Corporate insiders own 1.90% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. TheStreet raised shares of Old Republic International from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th.

ORI stock opened at $20.99 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 0.46. Old Republic International Co. has a one year low of $19.52 and a one year high of $23.05. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.28 and a beta of 0.90.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Old Republic International Co. will post 1.85 earnings per share for the current fiscal 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.

Further Reading: What is a Lock-Up Period?

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

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