Robeco Institutional Asset Management B.V. lowered its position in Old Republic International Corporation (NYSE:ORI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,528,233 shares of the insurance provider’s stock after selling 35,613 shares during the period. Robeco Institutional Asset Management B.V. owned 1.34% of Old Republic International Corporation worth $68,903,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Chicago Equity Partners LLC increased its position in Old Republic International Corporation by 4.5% in the first quarter. Chicago Equity Partners LLC now owns 730,540 shares of the insurance provider’s stock worth $14,961,000 after buying an additional 31,630 shares in the last quarter. State Treasurer State of Michigan increased its position in Old Republic International Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 99,327 shares of the insurance provider’s stock worth $2,034,000 after buying an additional 1,000 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Old Republic International Corporation by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 194,988 shares of the insurance provider’s stock worth $3,990,000 after buying an additional 5,219 shares in the last quarter. Advisory Services Network LLC bought a new position in Old Republic International Corporation during the first quarter worth $890,000. Finally, Camelot Portfolios LLC bought a new position in Old Republic International Corporation during the first quarter worth $316,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Old Republic International Corporation (NYSE:ORI) traded up 0.78% on Friday, reaching $19.29. The company’s stock had a trading volume of 523,431 shares. The company has a market cap of $5.04 billion, a P/E ratio of 12.16 and a beta of 1.32. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19. The firm’s 50-day moving average price is $19.42 and its 200 day moving average price is $19.95.
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 for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Old Republic International Corporation’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Tuesday, September 5th will be issued a $0.19 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.94%. Old Republic International Corporation’s payout ratio is currently 47.80%.
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ORI has been the subject of a number of analyst reports. Zacks Investment Research upgraded Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, May 24th. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.
In related news, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 270,237 shares in the company, valued at approximately $5,469,596.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by insiders.
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.
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