Irving Kahn and a Board Director Bullish About Old Republic International Corporation (ORI)

On Jan. 27th, James Hellauer, Board Director at Old Republic International Corporation (NYSE:ORI), filed a Form 4 with the U.S. Securities and Exchange Commission, declaring a purchase of the company’s stock. In two separate transactions the insider acquired 4,000 shares for $15.38 per common unit. After the reported transactions, he directly owns 25,400, plus an extra of 14,600 held indirectly.

Irving Kahn

Old Republic International Corporation (NYSE:ORI) is an insurance underwriter with a market cap of more than $4 billion. Trading at only 13.2 times its earnings, a considerable discount to the industry average valuation of 16.6x, returns on equity and assets above its peers’ mean, this stock looks quite interesting. However, analysts’ opinion is quite divided, between buy and hold recommendations.

Besides a few analysts and Mr. Hellauer, hedge funds also seem to like Old Republic International Corporation (NYSE:ORI). In its last 13F form, Irving Kahn´s Kahn Brothers –the largest “hedgie” bull- declared a slight increase in its position in the stock. The fund now holds more than 3.4 million shares, valued at approximately $53.6 million. This position comprised 7.67% of Kahn´s Q3 equity portfolio.

Second in terms of bullish sentiment is Chuck Royce´s Royce & Associates, which holds more than 1.6 million shares. However, the fund reduced its stakes in Old Republic International Corporation (NYSE:ORI) by 18% over the last reported quarter. Other prominent investors who also sold plenty of stock from this company over Q3 were Roger Keith Long and D. E. Shaw.

Nonetheless, Mr. Hellauer does not seem to care about this. And neither do other funds like Cliff Asness´ Aqr Capital Management, which upped its position by 935%, to 125,289 shares. Similar is the case of Peter Rathjens, Bruce Clarke and John Campbell´s Arrowstreet Capital that increased its stakes by 46% and now holds 754,192 shares. Finally, Ken Griffin´s Citadel Investment Group, which currently owns 125,576, augmented its bets by 3%. For more info on funds betting on Old Republic International Corporation (NYSE:ORI), check out our database.

 

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Michael Novogratz and Insiders Are Bullish About These 4 Stocks

Insiders and Hedge Funds Betting Strong on American Eagle Outfitters (AEO)

3 Stocks with Multiple Insiders Purchasing: Alcoa Inc (AA), American Realty Capital Properties Inc (ARCP), MVC Capital, Inc. (MVC)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!