Old Republic International Corporation (ORI) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. boosted its position in Old Republic International Corporation (NYSE:ORI) by 147.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 436,023 shares of the insurance provider’s stock after buying an additional 260,022 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.17% of Old Republic International Corporation worth $8,928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Old Republic International Corporation during the third quarter worth about $1,020,000. D. E. Shaw & Co. Inc. boosted its position in Old Republic International Corporation by 71.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,458,630 shares of the insurance provider’s stock worth $25,701,000 after buying an additional 609,505 shares during the period. Nuveen Fund Advisors LLC boosted its position in Old Republic International Corporation by 16.8% in the third quarter. Nuveen Fund Advisors LLC now owns 51,572 shares of the insurance provider’s stock worth $909,000 after buying an additional 7,404 shares during the period. Clinton Group Inc. boosted its position in Old Republic International Corporation by 436.1% in the third quarter. Clinton Group Inc. now owns 56,921 shares of the insurance provider’s stock worth $1,003,000 after buying an additional 46,303 shares during the period. Finally, UBS Group AG boosted its position in Old Republic International Corporation by 4.4% in the third quarter. UBS Group AG now owns 441,622 shares of the insurance provider’s stock worth $7,782,000 after buying an additional 18,488 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Institutional Ownership by Quarter for Old Republic International Corporation (NYSE:ORI)

Old Republic International Corporation (ORI) opened at 20.41 on Friday. The company has a market cap of $5.33 billion, a PE ratio of 12.85 and a beta of 1.20. The stock has a 50 day moving average price of $19.90 and a 200 day moving average price of $19.82. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Old Republic International Corporation will post $1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, June 1st. Old Republic International Corporation’s payout ratio is 47.80%.

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ORI has been the subject of several analyst reports. Zacks Investment Research cut Old Republic International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, March 30th. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday.

In other news, Director Steven J. Bateman acquired 5,000 shares of Old Republic International Corporation stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $19.56 per share, with a total value of $97,800.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $293,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Old Republic International Corporation Company Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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