Stone Ridge Asset Management LLC lifted its holdings in Old Republic International Co. (NYSE:ORI) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,419 shares of the insurance provider’s stock after buying an additional 4,300 shares during the period. Stone Ridge Asset Management LLC’s holdings in Old Republic International were worth $2,874,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ORI. Patriot Financial Group Insurance Agency LLC bought a new position in Old Republic International during the 1st quarter valued at about $43,000. Hillsdale Investment Management Inc. bought a new position in Old Republic International during the 2nd quarter valued at about $45,000. Westside Investment Management Inc. bought a new position in Old Republic International during the 2nd quarter valued at about $51,000. Parallel Advisors LLC grew its holdings in Old Republic International by 29.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 509 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Old Republic International by 99.5% during the 2nd quarter. Signaturefd LLC now owns 3,044 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 1,518 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.
Several equities analysts recently commented on the stock. JMP Securities downgraded shares of Old Republic International from an “outperform” rating to a “market perform” rating in a report on Friday, July 12th. Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th.
NYSE:ORI traded down $0.11 during mid-day trading on Friday, hitting $22.69. 2,307,417 shares of the stock traded hands, compared to its average volume of 1,715,762. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 12.20 and a beta of 0.80. Old Republic International Co. has a 52 week low of $19.55 and a 52 week high of $23.39. The firm’s 50 day moving average is $22.74 and its two-hundred day moving average is $21.89. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17.
Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. Old Republic International had a net margin of 11.35% and a return on equity of 10.21%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. As a group, research analysts predict that Old Republic International Co. will post 1.85 EPS for the current year.
The business also recently disclosed a None dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be given a $1.20 dividend. The ex-dividend date is Thursday, September 5th. Old Republic International’s dividend payout ratio (DPR) is 43.01%.
In other Old Republic International news, insider Charles S. Boone sold 30,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $22.69, for a total value of $692,045.00. Following the completion of the sale, the insider now directly owns 22,750 shares of the company’s stock, valued at approximately $516,197.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders acquired 600 shares of company stock valued at $13,500. 1.90% of the stock is owned by corporate insiders.
Old Republic International Company Profile
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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