ProShare Advisors LLC decreased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 516,865 shares of the insurance provider’s stock after selling 2,524 shares during the period. ProShare Advisors LLC owned about 0.20% of Old Republic International Corporation worth $10,094,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in Old Republic International Corporation by 3.6% during the second quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock valued at $1,248,000 after purchasing an additional 2,200 shares during the period. Legal & General Group Plc raised its position in Old Republic International Corporation by 5.2% in the second quarter. Legal & General Group Plc now owns 1,180,229 shares of the insurance provider’s stock worth $23,051,000 after acquiring an additional 58,636 shares during the period. CIBC World Markets Inc. raised its position in Old Republic International Corporation by 11.1% in the first quarter. CIBC World Markets Inc. now owns 20,310 shares of the insurance provider’s stock worth $416,000 after acquiring an additional 2,034 shares during the period. Public Employees Retirement System of Ohio raised its position in Old Republic International Corporation by 5.1% in the first quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock worth $2,552,000 after acquiring an additional 6,040 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in Old Republic International Corporation by 8.1% in the second quarter. Pinnacle Associates Ltd. now owns 123,278 shares of the insurance provider’s stock worth $2,408,000 after acquiring an additional 9,187 shares during the period. Institutional investors own 71.22% of the company’s stock.

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Old Republic International Corporation (ORI) traded up 0.05% on Monday, reaching $19.50. 47,567 shares of the company’s stock traded hands. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 12.29 and a beta of 1.31. The stock has a 50 day moving average price of $19.20 and a 200 day moving average price of $19.77. 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 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts forecast that Old Republic International Corporation will post $1.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, August 31st. Old Republic International Corporation’s dividend payout ratio is currently 47.80%.

ORI has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Old Republic International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. BidaskClub upgraded shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th.

About Old Republic International Corporation

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.

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

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