Churchill Management Corp buys $15,516,656 stake in Old Republic International Corporation (ORI)

Old Republic International Corporation (ORI) : Churchill Management Corp scooped up 158,562 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 Apr 13, 2016. The investment management firm now holds a total of 849,297 shares of Old Republic International Corporation which is valued at $15,516,656.Old Republic International Corporation makes up approximately 1.08% of Churchill Management Corp’s portfolio.

Old Republic International Corporation opened for trading at $18.25 and hit $18.355 on the upside on Monday, eventually ending the session at $18.28, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 11,02,422 shares. Company has a market cap of $4,790 M.

Other Hedge Funds, Including , Gradient Investments added ORI to its portfolio by purchasing 203,473 company shares during the most recent quarter which is valued at $3,717,452. Old Republic International Corporation makes up approx 0.46% of Gradient Investments’s portfolio.Central Trust Co boosted its stake in ORI in the latest quarter, The investment management firm added 1,385 additional shares and now holds a total of 3,985 shares of Old Republic International Corporation which is valued at $72,806. Old Republic International Corporation makes up approx 0.01% of Central Trust Co’s portfolio. Dorsey Wright Associates added ORI to its portfolio by purchasing 83,247 company shares during the most recent quarter which is valued at $1,481,797. Old Republic International Corporation makes up approx 0.79% of Dorsey Wright Associates’s portfolio. Proficio Capital Partners added ORI to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $249.

On the company’s financial health, Old Republic International Corporation reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.27. The company had revenue of $1466.00 million for the quarter, compared to analysts expectations of $1441.00 million. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 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.

Leave a Reply

Old Republic International Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Old Republic International Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.