Aperio Group LLC Has $6.53 Million Stake in Old Republic International Co. (ORI)

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Aperio Group LLC lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,838 shares of the insurance provider’s stock after selling 15,331 shares during the quarter. Aperio Group LLC’s holdings in Old Republic International were worth $6,531,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in Old Republic International by 7.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,432,616 shares of the insurance provider’s stock worth $28,524,000 after acquiring an additional 101,814 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Old Republic International by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 721,939 shares of the insurance provider’s stock worth $14,374,000 after acquiring an additional 53,381 shares during the last quarter. California Public Employees Retirement System grew its holdings in Old Republic International by 10.8% during the 2nd quarter. California Public Employees Retirement System now owns 734,310 shares of the insurance provider’s stock worth $14,620,000 after acquiring an additional 71,301 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Old Republic International by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 256,515 shares of the insurance provider’s stock worth $5,108,000 after acquiring an additional 14,195 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Old Republic International by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,102,293 shares of the insurance provider’s stock worth $23,644,000 after acquiring an additional 50,426 shares during the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ORI opened at $21.99 on Wednesday. Old Republic International Co. has a 12 month low of $19.48 and a 12 month high of $23.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.49 and a current ratio of 1.27. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 19.81 and a beta of 1.20.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.56 billion. Analysts expect that Old Republic International Co. will post 1.75 earnings per share for the current fiscal year.

In other Old Republic International news, CFO Karl W. Mueller sold 9,879 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $22.00, for a total transaction of $217,338.00. Following the transaction, the chief financial officer now directly owns 26,787 shares in the company, valued at approximately $589,314. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

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

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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