Menta Capital LLC bought a new position in shares of Old Republic International Corporation (NYSE:ORI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 50,298 shares of the insurance provider’s stock, valued at approximately $982,000.

A number of other institutional investors have also modified their holdings of ORI. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Old Republic International Corporation by 14.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 1,147 shares in the last quarter. World Asset Management Inc grew its holdings in Old Republic International Corporation by 1.8% during the 1st quarter. World Asset Management Inc now owns 15,146 shares of the insurance provider’s stock worth $310,000 after acquiring an additional 270 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Old Republic International Corporation by 13.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 193,656 shares of the insurance provider’s stock worth $3,966,000 after acquiring an additional 22,784 shares in the last quarter. Karp Capital Management Corp bought a new position in Old Republic International Corporation during the 1st quarter worth about $2,018,000. Finally, TD Asset Management Inc. grew its holdings in Old Republic International Corporation by 192.9% during the 1st quarter. TD Asset Management Inc. now owns 103,475 shares of the insurance provider’s stock worth $2,119,000 after acquiring an additional 68,150 shares in the last quarter. Institutional investors own 71.22% of the company’s stock.

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Old Republic International Corporation (NYSE:ORI) opened at 19.72 on Tuesday. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19. The firm’s 50-day moving average is $19.22 and its 200 day moving average is $19.74. The company has a market capitalization of $5.15 billion, a PE ratio of 12.43 and a beta of 1.31.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $1.49 billion for 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 firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. On average, equities analysts expect that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.85%. Old Republic International Corporation’s dividend payout ratio (DPR) is presently 47.80%.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Zacks Investment Research cut 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 report on Tuesday, May 30th.

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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