GW&K Investment Management LLC Increases Position in Old Republic International Corporation (ORI)

GW&K Investment Management LLC raised its position in shares of Old Republic International Corporation (NYSE:ORI) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,561,052 shares of the insurance provider’s stock after buying an additional 38,534 shares during the period. GW&K Investment Management LLC owned 0.60% of Old Republic International Corporation worth $30,487,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ORI. Acrospire Investment Management LLC acquired a new position in shares of Old Republic International Corporation during the first quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Old Republic International Corporation by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock worth $183,000 after buying an additional 1,147 shares in the last quarter. Delta Asset Management LLC TN increased its position in shares of Old Republic International Corporation by 0.7% in the first quarter. Delta Asset Management LLC TN now owns 10,265 shares of the insurance provider’s stock worth $210,000 after buying an additional 75 shares in the last quarter. National Asset Management Inc. increased its position in shares of Old Republic International Corporation by 6.5% in the first 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. Finally, Quantbot Technologies LP acquired a new position in shares of Old Republic International Corporation during the first quarter worth approximately $267,000. 71.06% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Corporation (NYSE:ORI) opened at 19.40 on Thursday. The stock has a 50 day moving average of $19.80 and a 200-day moving average of $19.94. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19. The stock has a market cap of $5.06 billion, a P/E ratio of 12.22 and a beta of 1.32.

Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, April 27th. The insurance provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. Analysts forecast that Old Republic International Corporation will post $1.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, June 1st. Old Republic International Corporation’s dividend payout ratio is 47.80%.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Tuesday, May 30th. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.

In other Old Republic International Corporation news, Director Steven J. Bateman bought 5,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $19.56 per share, with a total value of $97,800.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $293,400. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the director now directly owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Old Republic International Corporation Company 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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