Crossmark Global Holdings Inc. trimmed its holdings in Old Republic International Co. (NYSE:ORI) by 15.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,027 shares of the insurance provider’s stock after selling 5,290 shares during the period. Crossmark Global Holdings Inc.’s holdings in Old Republic International were worth $618,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORI. BlackRock Inc. raised its position in shares of Old Republic International by 9.2% in the third quarter. BlackRock Inc. now owns 30,341,553 shares of the insurance provider’s stock valued at $679,042,000 after buying an additional 2,543,701 shares in the last quarter. Vanguard Group Inc raised its position in Old Republic International by 3.8% during the third quarter. Vanguard Group Inc now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after purchasing an additional 958,745 shares in the last quarter. Vanguard Group Inc. raised its position in Old Republic International by 3.8% during the third quarter. Vanguard Group Inc. now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after purchasing an additional 958,745 shares in the last quarter. Alliancebernstein L.P. raised its position in Old Republic International by 18.9% during the third quarter. Alliancebernstein L.P. now owns 4,365,427 shares of the insurance provider’s stock valued at $97,698,000 after purchasing an additional 694,148 shares in the last quarter. Finally, First Quadrant L P CA acquired a new position in Old Republic International during the third quarter valued at approximately $13,506,000. Institutional investors own 73.74% of the company’s stock.
Several research analysts have commented on the stock. TheStreet downgraded shares of Old Republic International from a “b” rating to a “c+” rating in a research report on Thursday, January 24th. Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th.
In other news, CEO Aldo C. Zucaro acquired 5,000 shares of the stock in a transaction on Monday, January 28th. The stock was acquired at an average cost of $19.87 per share, for a total transaction of $99,350.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by insiders.
Shares of ORI opened at $20.82 on Thursday. Old Republic International Co. has a one year low of $19.48 and a one year high of $23.05. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 11.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.49.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, beating the 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 the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate 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.
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