Old Republic International Corporation (ORI) Position Maintained by Capital Research Global Investors

Capital Research Global Investors continued to hold its position in shares of Old Republic International Corporation (NYSE:ORI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,200,800 shares of the insurance provider’s stock at the close of the 2nd quarter. Capital Research Global Investors owned about 0.84% of Old Republic International Corporation worth $42,982,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ffcm LLC lifted its holdings in shares of Old Republic International Corporation by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock worth $119,000 after acquiring an additional 3,900 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new stake in shares of Old Republic International Corporation in the 2nd quarter worth about $174,000. Chicago Partners Investment Group LLC bought a new stake in shares of Old Republic International Corporation in the 2nd quarter worth about $181,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Old Republic International Corporation by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 710 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in shares of Old Republic International Corporation in the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 71.22% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Old Republic International Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub lowered shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.

Shares of Old Republic International Corporation (ORI) opened at 19.60 on Friday. The stock has a 50 day moving average of $19.34 and a 200 day moving average of $19.69. Old Republic International Corporation has a 12-month low of $16.51 and a 12-month high of $21.19. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 12.35 and a beta of 1.30.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Thursday, August 31st. Old Republic International Corporation’s dividend payout ratio is currently 47.80%.

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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.

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

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