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)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

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!