Kahn Brothers Group Inc De Lowers stake in Old Republic International Corporation (ORI)

Old Republic International Corporation (ORI) : Kahn Brothers Group Inc De reduced its stake in Old Republic International Corporation by 77.72% during the most recent quarter end. The investment management company now holds a total of 49,000 shares of Old Republic International Corporation which is valued at $949,130 after selling 170,934 shares in Old Republic International Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Old Republic International Corporation makes up approximately 0.18% of Kahn Brothers Group Inc De’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in ORI in the latest quarter, The investment management firm added 48,116 additional shares and now holds a total of 160,956 shares of Old Republic International Corporation which is valued at $3,151,518. Old Republic International Corporation makes up approx 0.02% of Glenmede Trust Co Na’s portfolio.Bank Of Hawaii boosted its stake in ORI in the latest quarter, The investment management firm added 4,335 additional shares and now holds a total of 28,815 shares of Old Republic International Corporation which is valued at $558,147. Old Republic International Corporation makes up approx 0.06% of Bank Of Hawaii’s portfolio. Spc Financial added ORI to its portfolio by purchasing 55,955 company shares during the most recent quarter which is valued at $1,117,981. Old Republic International Corporation makes up approx 0.39% of Spc Financial’s portfolio.Sadoff Investment Management boosted its stake in ORI in the latest quarter, The investment management firm added 7,550 additional shares and now holds a total of 519,599 shares of Old Republic International Corporation which is valued at $10,381,588. Old Republic International Corporation makes up approx 1.18% of Sadoff Investment Management’s portfolio.

Old Republic International Corporation closed down -0.04 points or -0.21% at $18.93 with 8,85,538 shares getting traded on Wednesday. Post opening the session at $18.96, the shares hit an intraday low of $18.87 and an intraday high of $18.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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