Ffcm LLC Increases Stake in Old Republic International Corporation (ORI)

Ffcm LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 185.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,008 shares of the insurance provider’s stock after acquiring an additional 3,900 shares during the period. Ffcm LLC’s holdings in Old Republic International Corporation were worth $119,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Acrospire Investment Management LLC acquired a new position in shares of Old Republic International Corporation in the 1st quarter valued at $110,000. Chicago Partners Investment Group LLC acquired a new position in Old Republic International Corporation in the 2nd quarter worth $181,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Old Republic International Corporation by 14.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 1,147 shares during the period. Hartford Investment Management Co. bought a new stake in Old Republic International Corporation during the 2nd quarter worth about $206,000. Finally, National Asset Management Inc. lifted its position in Old Republic International Corporation by 6.5% during the 1st quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock worth $240,000 after buying an additional 710 shares in the last quarter. Institutional investors own 71.23% of the company’s stock.

Shares of Old Republic International Corporation (ORI) traded up 0.15% on Friday, hitting $19.40. 364,701 shares of the company’s stock were exchanged. The firm has a market cap of $5.07 billion, a P/E ratio of 12.22 and a beta of 1.31. The stock’s 50 day moving average is $19.18 and its 200 day moving average is $19.78. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Old Republic International Corporation will post $1.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, August 31st. Old Republic International Corporation’s dividend payout ratio (DPR) is currently 47.80%.

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Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, May 24th. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.

Old Republic International Corporation Profile

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.

Institutional Ownership by Quarter for Old Republic International Corporation (NYSE:ORI)

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