Dallas, Texas 02/10/2014 (FINANCIALSTRENDS) – Old Republic International Corporation (NYSE:ORI) fails to hold the interest of investment management company Kahn Brothers’ this quarter. The investment group now holds position on 7.32% of ORIs common stock. As of the first week of February, 2014, Kahn investment sold over 963,218 shares.
The details of the investment firms holdings filed before the Securities and Exchange Commission indicated that in the quarter past, its overall assets management was valued at $581,043,298, according to the 13F filing.
Old Republic International Corporation (NYSE:ORI) was one of the 25 equities in which this firm reduced position, even as it sold entire holdings in two other companies.
Current status of holdings indicate Old Republic International Corporation (NYSE:ORI) continues to be one of the top-five stockholdings for Kahn Brothers.’
Insider Trading UP
Most analysts of Old Republic International Corporation (NYSE:ORI) stock are now watching the insider buying spree. Director James C.Hellauer was found to have increased his stake in the common stock of the company with additional investments of $61,520.00 for purchase of 4,000 shares. Each share cost was value at $15.38.
Dividend Up, Yield 4.90%
Old Republic International Corporation (NYSE:ORI) also won back investor interest with all indicators for valuation and profitability playing strong. The price to book ratio of 1.0 showed dividend yield of 4.90% for the stock, revealing the strong dividend paying background of the company.
Old Republic International Corporation (NYSE:ORI) had in the last week of January seen some upward movement, thanks to revision of ratings by the likes of Zacks. The rating moved higher from ‘neutral’ to ‘outperform’
Old Republic International Corporation (NYSE:ORI) is engaged in the business of insurance underwriting. The Chicago-based company operates through regulated insurance companies across three segments. These include- Title Insurance Group, General Insurance Group as well as the Republic Financial Indemnity Group.
Old Republic International Corporation (NYSE:ORI) in 2012, has combined two of its offerings- the General Insurance Consumer Indemnity division with Mortgage Guaranty business and renamed it Republic Financial Indemnity Group Inc.
