Royce & Associates LP decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 544,706 shares of the insurance provider’s stock after selling 22,994 shares during the quarter. Royce & Associates LP owned about 0.21% of Old Republic International worth $10,725,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas boosted its holdings in Old Republic International by 0.9% in the second quarter. Teacher Retirement System of Texas now owns 19,768 shares of the insurance provider’s stock valued at $386,000 after purchasing an additional 176 shares during the period. State of Wisconsin Investment Board boosted its holdings in Old Republic International by 0.7% in the second quarter. State of Wisconsin Investment Board now owns 48,609 shares of the insurance provider’s stock valued at $949,000 after purchasing an additional 350 shares during the period. Stephens Inc. AR lifted its holdings in Old Republic International by 2.3% during the 2nd quarter. Stephens Inc. AR now owns 21,878 shares of the insurance provider’s stock worth $427,000 after buying an additional 500 shares during the last quarter. Utah Retirement Systems lifted its holdings in Old Republic International by 1.4% during the 2nd quarter. Utah Retirement Systems now owns 44,588 shares of the insurance provider’s stock worth $870,000 after buying an additional 600 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in Old Republic International by 3.3% during the 2nd quarter. Krilogy Financial LLC now owns 21,105 shares of the insurance provider’s stock worth $412,000 after buying an additional 675 shares during the last quarter. 70.67% of the stock is owned by institutional investors.
Old Republic International Co. (NYSE:ORI) traded down $0.15 on Thursday, hitting $20.65. The stock had a trading volume of 842,700 shares, compared to its average volume of 1,354,104. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.51. Old Republic International Co. has a twelve month low of $17.92 and a twelve month high of $21.19. The firm has a market capitalization of $5,487.18, a PE ratio of 17.05 and a beta of 1.36.
Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. equities research analysts forecast that Old Republic International Co. will post 1.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Monday, December 4th. Old Republic International’s dividend payout ratio (DPR) is presently 55.47%.
In other Old Republic International news, COO R Scott Rager sold 47,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $997,500.00. Following the transaction, the chief operating officer now owns 40,000 shares in the company, valued at approximately $840,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karl W. Mueller sold 19,052 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $400,092.00. Following the transaction, the chief financial officer now owns 5,331 shares in the company, valued at approximately $111,951. The disclosure for this sale can be found here. Insiders sold a total of 81,552 shares of company stock worth $1,711,992 in the last 90 days. 2.00% of the stock is currently owned by insiders.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Old Republic International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $23.00 to $25.00 in a report on Monday, October 30th.
Old Republic International 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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