Churchill Management Corp buys $18,024,841 stake in Old Republic International Corporation (ORI)

Old Republic International Corporation (ORI) : Churchill Management Corp scooped up 82,701 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 Jul 8, 2016. The investment management firm now holds a total of 931,998 shares of Old Republic International Corporation which is valued at $18,024,841.Old Republic International Corporation makes up approximately 1.16% of Churchill Management Corp’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added ORI to its portfolio by purchasing 2,747 company shares during the most recent quarter which is valued at $53,127. Old Republic International Corporation makes up approx 0.01% of Washington Trust Bank’s portfolio. West Oak Capital added ORI to its portfolio by purchasing 3,084 company shares during the most recent quarter which is valued at $59,645. Old Republic International Corporation makes up approx 0.04% of West Oak Capital’s portfolio.Raymond James Trust N.a. boosted its stake in ORI in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 12,986 shares of Old Republic International Corporation which is valued at $251,149. Old Republic International Corporation makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

Old Republic International Corporation closed down -0.07 points or -0.36% at $19.47 with 9,21,078 shares getting traded on Wednesday. Post opening the session at $19.53, the shares hit an intraday low of $19.44 and an intraday high of $19.58 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 $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.29. The company had revenue of $1369.30 million for the quarter, compared to analysts expectations of $1354.00 million. The company’s revenue was up 4.4% 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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