Versant Capital Management Inc Raises Stock Holdings in Old Republic International Co. (NYSE:ORI)

Versant Capital Management Inc increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 555.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 885 shares of the insurance provider’s stock after purchasing an additional 750 shares during the quarter. Versant Capital Management Inc’s holdings in Old Republic International were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ORI. GAMMA Investing LLC increased its position in Old Republic International by 121.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,799 shares of the insurance provider’s stock valued at $86,000 after buying an additional 1,537 shares in the last quarter. Quent Capital LLC increased its position in Old Republic International by 45.4% during the 1st quarter. Quent Capital LLC now owns 2,493 shares of the insurance provider’s stock valued at $77,000 after buying an additional 779 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Old Republic International by 2.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 78,568 shares of the insurance provider’s stock valued at $2,384,000 after buying an additional 2,069 shares in the last quarter. Cetera Advisors LLC increased its position in Old Republic International by 8.7% during the 1st quarter. Cetera Advisors LLC now owns 17,232 shares of the insurance provider’s stock valued at $529,000 after buying an additional 1,375 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Old Republic International by 42.9% in the first quarter. Cetera Investment Advisers now owns 101,821 shares of the insurance provider’s stock valued at $3,128,000 after purchasing an additional 30,568 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Price Performance

ORI stock traded up $0.10 during mid-day trading on Tuesday, reaching $33.48. 1,024,800 shares of the company’s stock were exchanged, compared to its average volume of 1,588,419. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 13.03 and a beta of 0.83. The stock’s 50 day moving average is $31.44 and its 200 day moving average is $30.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.27. Old Republic International Co. has a 12-month low of $26.08 and a 12-month high of $34.98.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same quarter last year, the business posted $0.62 earnings per share. On average, research analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a $0.265 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.06 annualized dividend and a dividend yield of 3.17%. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Insider Activity

In related news, SVP Carolyn Monroe sold 4,503 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,049,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.