Pallas Capital Advisors LLC Takes Position in Old Republic International Co. (NYSE:ORI)

Pallas Capital Advisors LLC bought a new stake in Old Republic International Co. (NYSE:ORI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,128 shares of the insurance provider’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Old Republic International by 6.3% in the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after buying an additional 1,661,147 shares in the last quarter. Norges Bank purchased a new stake in shares of Old Republic International during the 4th quarter worth approximately $89,446,000. Charles Schwab Investment Management Inc. increased its position in Old Republic International by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider’s stock worth $53,423,000 after purchasing an additional 32,917 shares during the last quarter. LSV Asset Management raised its stake in Old Republic International by 6.9% during the fourth quarter. LSV Asset Management now owns 1,632,300 shares of the insurance provider’s stock valued at $47,990,000 after purchasing an additional 105,310 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock valued at $40,590,000 after purchasing an additional 876,872 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Down 0.7 %

NYSE:ORI traded down $0.24 during midday trading on Tuesday, hitting $34.62. 301,877 shares of the company traded hands, compared to its average volume of 1,537,450. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $31.99 and its 200-day moving average is $30.66. The firm has a market capitalization of $9.41 billion, a P/E ratio of 13.56 and a beta of 0.83. 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 issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts predict that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be issued a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date is Friday, September 6th. Old Republic International’s payout ratio is currently 164.98%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 4,503 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $31.28, for a total value of $140,853.84. Following the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently 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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.