Tctc Holdings Lowers stake in Old Republic International Corporation (ORI)

Old Republic International Corporation (ORI) : Tctc Holdings reduced its stake in Old Republic International Corporation by 0.94% during the most recent quarter end. The investment management company now holds a total of 1,116,878 shares of Old Republic International Corporation which is valued at $21,511,070 after selling 10,650 shares in Old Republic International Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Old Republic International Corporation makes up approximately 1.39% of Tctc Holdings’s portfolio.

Other Hedge Funds, Including , Norges Bank boosted its stake in ORI in the latest quarter, The investment management firm added 28,393 additional shares and now holds a total of 2,694,719 shares of Old Republic International Corporation which is valued at $51,900,288. Old Republic International Corporation makes up approx 0.02% of Norges Bank’s portfolio.Blair William Coil boosted its stake in ORI in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 49,674 shares of Old Republic International Corporation which is valued at $957,715. Old Republic International Corporation makes up approx 0.01% of Blair William Coil’s portfolio.Chicago Equity Partners boosted its stake in ORI in the latest quarter, The investment management firm added 7,420 additional shares and now holds a total of 1,188,565 shares of Old Republic International Corporation which is valued at $23,034,390. Old Republic International Corporation makes up approx 0.65% of Chicago Equity Partners’s portfolio.

Old Republic International Corporation closed down -0.11 points or -0.57% at $19.12 with 12,93,441 shares getting traded on Thursday. Post opening the session at $19.26, the shares hit an intraday low of $19.06 and an intraday high of $19.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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