Advisory Services Network buys $774,315 stake in Old Republic International Corporation (ORI)

Old Republic International Corporation (ORI) : Advisory Services Network scooped up 3,065 additional shares in Old Republic International Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 43,282 shares of Old Republic International Corporation which is valued at $774,315.Old Republic International Corporation makes up approximately 0.15% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Sadoff Investment Management boosted its stake in ORI in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 522,299 shares of Old Republic International Corporation which is valued at $9,343,929. Old Republic International Corporation makes up approx 1.04% of Sadoff Investment Management’s portfolio.Independent Portfolio Consultants boosted its stake in ORI in the latest quarter, The investment management firm added 1,065 additional shares and now holds a total of 2,550 shares of Old Republic International Corporation which is valued at $45,645. Old Republic International Corporation makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ORI by selling 64,708 shares or 43.4% in the most recent quarter. The Hedge Fund company now holds 84,385 shares of ORI which is valued at $1,510,492. Old Republic International Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in ORI by selling 2,690 shares or 97.93% in the most recent quarter. The Hedge Fund company now holds 57 shares of ORI which is valued at $1,020.West Oak Capital boosted its stake in ORI in the latest quarter, The investment management firm added 749 additional shares and now holds a total of 3,833 shares of Old Republic International Corporation which is valued at $68,611. Old Republic International Corporation makes up approx 0.05% of West Oak Capital’s portfolio.

Old Republic International Corporation opened for trading at $17.84 and hit $18 on the upside on Friday, eventually ending the session at $17.89, with a gain of 0.45% or 0.08 points. The heightened volatility saw the trading volume jump to 11,48,354 shares. Company has a market cap of $4,695 M.

On the company’s financial health, Old Republic International Corporation reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.33. The company had revenue of $1435.50 million for the quarter, compared to analysts expectations of $1444.00 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

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 a number of 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. General Insurance segment is a commercial lines insurance business with a focus on liability insurance coverages. These coverages are provided to businesses Government and other institutions. Title Insurance Group’s business consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. RFIG run-off business consists of its mortgage guaranty and CCI operations.

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