Institutional Investors Trade Old Republic International Shares
What happened
During the third quarter, Hamlin Capital Management LLC reduced its stake in Old Republic International by 1.4%, selling 65,979 shares. Other large investors also traded the stock, including Bank of New York Mellon Corp, which acquired a stake in the second quarter, and the Public Employees Retirement System of Ohio, which also acquired a position in the second quarter. Squarepoint Ops LLC increased its holdings by 574.7% in the second quarter.
From themarketsdaily.com
Why it matters
The trading activity reflects capital flows within the property and casualty insurance sector. Old Republic International competes operationally with companies like W. R. Berkley, and these institutional movements can influence market valuation for the insurance provider.
From themarketsdaily.com
Who's involved
- Old Republic InternationalAmerican insurance company subject to regulatory oversight
- W. R. BerkleyCommercial lines property & casualty insurance competitor
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The entities involved
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Old Republic International
American insurance company
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