Wedge Capital Management L L P NC increased its position in shares of Old Republic International Co. (NYSE:ORI – Get Rating) by 18.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,410 shares of the insurance provider's stock after buying an additional 1,933 shares during the period. Wedge Capital Management L L P NC's holdings in Old Republic International were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in Old Republic International by 4.6% during the first quarter. BlackRock Inc. now owns 31,752,672 shares of the insurance provider's stock worth $821,440,000 after buying an additional 1,382,209 shares during the last quarter. State Street Corp raised its stake in Old Republic International by 3.6% during the first quarter. State Street Corp now owns 23,255,544 shares of the insurance provider's stock worth $601,621,000 after buying an additional 808,670 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Old Republic International by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 7,250,205 shares of the insurance provider's stock worth $187,569,000 after buying an additional 46,499 shares during the last quarter. Hamlin Capital Management LLC raised its stake in Old Republic International by 1.1% during the first quarter. Hamlin Capital Management LLC now owns 5,043,033 shares of the insurance provider's stock worth $130,463,000 after buying an additional 55,475 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Old Republic International by 5.5% during the first quarter. Victory Capital Management Inc. now owns 4,762,107 shares of the insurance provider's stock worth $122,552,000 after buying an additional 250,247 shares during the last quarter. Institutional investors own 72.27% of the company's stock.

Old Republic International Trading Down 1.9 %

ORI opened at $21.56 on Thursday. Old Republic International Co. has a 1-year low of $20.93 and a 1-year high of $27.19. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.65 billion, a P/E ratio of 6.70 and a beta of 0.81. The company has a fifty day moving average price of $22.73 and a two-hundred day moving average price of $23.34.

Old Republic International Increases Dividend

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Monday, August 1st.

About Old Republic International

(Get Rating)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

Further Reading

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