Crawford Investment Counsel Inc. raised its position in shares of Old Republic International Corporation (NYSE:ORI) by 13.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 783,404 shares of the insurance provider’s stock after buying an additional 95,602 shares during the period. Crawford Investment Counsel Inc. owned approximately 0.30% of Old Republic International Corporation worth $15,300,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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. LS Investment Advisors LLC boosted its stake in shares of Old Republic International Corporation by 3.2% in the first quarter. LS Investment Advisors LLC now owns 17,317 shares of the insurance provider’s stock worth $355,000 after buying an additional 537 shares in the last quarter. Princeton Alpha Management LP boosted its stake in shares of Old Republic International Corporation by 5.3% in the first quarter. Princeton Alpha Management LP now owns 66,311 shares of the insurance provider’s stock worth $1,358,000 after buying an additional 3,346 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Old Republic International Corporation by 2,544.5% in the first quarter. American Century Companies Inc. now owns 874,470 shares of the insurance provider’s stock worth $17,909,000 after buying an additional 841,402 shares in the last quarter. Finally, Capital One National Association boosted its stake in shares of Old Republic International Corporation by 1.2% in the first quarter. Capital One National Association now owns 285,238 shares of the insurance provider’s stock worth $5,842,000 after buying an additional 3,260 shares in the last quarter. 71.23% of the stock is owned by institutional investors and hedge funds.

Old Republic International Corporation (NYSE ORI) opened at 19.065 on Wednesday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.013 and a beta of 1.32. The firm has a 50 day moving average of $19.42 and a 200-day moving average of $19.95. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Equities analysts expect that Old Republic International Corporation will post $1.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, August 31st. Old Republic International Corporation’s payout ratio is 47.80%.

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A number of brokerages have commented on ORI. Zacks Investment Research raised shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, May 2nd. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.

In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the transaction, the director now owns 270,237 shares in the company, valued at $5,469,596.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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