Blair William & Co. IL raised its position in Old Republic International Corporation (NYSE:ORI) by 121.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,425 shares of the insurance provider’s stock after buying an additional 56,262 shares during the period. Blair William & Co. IL’s holdings in Old Republic International Corporation were worth $2,000,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Old Republic International Corporation by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock worth $1,248,000 after buying an additional 2,200 shares during the period. CIBC World Markets Inc. raised its stake in shares of Old Republic International Corporation by 11.1% in the first quarter. CIBC World Markets Inc. now owns 20,310 shares of the insurance provider’s stock valued at $416,000 after buying an additional 2,034 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Old Republic International Corporation by 5.1% in the first quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock valued at $2,552,000 after buying an additional 6,040 shares during the period. Fox Run Management L.L.C. raised its stake in shares of Old Republic International Corporation by 46.3% in the second quarter. Fox Run Management L.L.C. now owns 29,700 shares of the insurance provider’s stock valued at $580,000 after buying an additional 9,400 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Old Republic International Corporation by 17.7% in the first quarter. Parametric Portfolio Associates LLC now owns 510,287 shares of the insurance provider’s stock valued at $10,451,000 after buying an additional 76,617 shares during the period. Institutional investors own 71.35% of the company’s stock.
Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.29 on Friday. The stock’s 50 day moving average price is $19.42 and its 200-day moving average price is $19.95. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.16 and a beta of 1.32.
Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a $0.19 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.76 annualized dividend and a yield of 3.94%. Old Republic International Corporation’s dividend payout ratio (DPR) is 47.80%.
WARNING: This report was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://stocknewstimes.com/2017/08/26/blair-william-co-il-has-2-million-stake-in-old-republic-international-corporation-ori.html.
Several analysts have recently weighed in on ORI shares. Zacks Investment Research upgraded Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub lowered Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.
In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the sale, the director now owns 270,237 shares in the company, valued at approximately $5,469,596.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.
About Old Republic International Corporation
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.
Receive News & Ratings for Old Republic International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
