The Eads & Heald Investment Counsel Acquires New Stake in Old Republic International Corp. (ORI)

The Eads & Heald Investment Counsel Acquires New Stake in Old Republic International Corp. (ORI)

Eads & Heald Investment Counsel acquired a new position in Old Republic International Corp. (NYSE:ORI) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,435 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also recently made changes to their positions in ORI. BlackRock Institutional Trust Company N.A. increased its stake in shares of Old Republic International Corp. by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,008,079 shares of the company’s stock worth $146,388,000 after buying an additional 762,107 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Old Republic International Corp. by 383.5% in the first quarter. Renaissance Technologies LLC now owns 4,464,285 shares of the company’s stock worth $81,607,000 after buying an additional 3,540,900 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Old Republic International Corp. by 21.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,523,393 shares of the company’s stock worth $67,968,000 after buying an additional 632,268 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Old Republic International Corp. by 12.8% in the first quarter. Geode Capital Management LLC now owns 1,734,493 shares of the company’s stock worth $31,706,000 after buying an additional 197,476 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of Old Republic International Corp. by 0.6% in the second quarter. Chicago Equity Partners LLC now owns 1,188,565 shares of the company’s stock worth $22,927,000 after buying an additional 7,420 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Shares of Old Republic International Corp. (NYSE:ORI) traded up 0.05% during mid-day trading on Monday, hitting $18.33. The company’s stock had a trading volume of 446,816 shares. Old Republic International Corp. has a 1-year low of $16.70 and a 1-year high of $20.00. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 11.93 and a beta of 0.93. The company has a 50-day moving average of $18.35 and a 200 day moving average of $18.78.

Old Republic International Corp. (NYSE:ORI) last released its earnings results on Thursday, July 28th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Old Republic International Corp. had a return on equity of 9.12% and a net margin of 7.49%. Old Republic International Corp.’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, analysts expect that Old Republic International Corp. will post $1.35 EPS for the current year.

Old Republic International Corp. 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.

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