Old Republic International Co. (NYSE:ORI) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 36.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,179 shares of the insurance provider’s stock after selling 18,213 shares during the quarter. D.B. Root & Company LLC’s holdings in Old Republic International were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc raised its position in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares during the period. Mather Group LLC. grew its stake in shares of Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at $34,000. GAMMA Investing LLC purchased a new stake in shares of Old Republic International in the 4th quarter valued at $34,000. Finally, Quarry LP acquired a new position in Old Republic International during the 4th quarter worth about $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,049,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Old Republic International Stock Down 0.4 %

Shares of NYSE ORI traded down $0.14 during mid-day trading on Monday, hitting $33.70. The company had a trading volume of 619,584 shares, compared to its average volume of 1,568,234. Old Republic International Co. has a 1-year low of $26.08 and a 1-year high of $34.98. The company has a market capitalization of $9.16 billion, a PE ratio of 13.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.27. The business’s 50-day simple moving average is $31.58 and its 200 day simple moving average is $30.39.

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

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were paid a $0.265 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.15%. Old Republic International’s dividend payout ratio is currently 41.25%.

Old Republic International Profile

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.