Employees Retirement System of Texas cut its position in shares of Old Republic International Corporation (NYSE:ORI) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251,000 shares of the insurance provider’s stock after selling 17,000 shares during the period. Employees Retirement System of Texas owned 0.10% of Old Republic International Corporation worth $4,902,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Old Republic International Corporation by 1.1% during the second quarter. Vanguard Group Inc. now owns 21,094,198 shares of the insurance provider’s stock worth $411,970,000 after buying an additional 233,650 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Old Republic International Corporation by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,034,650 shares of the insurance provider’s stock worth $137,392,000 after buying an additional 64,292 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Old Republic International Corporation by 13.6% during the second quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock worth $133,300,000 after buying an additional 815,600 shares in the last quarter. Alleghany Corp DE boosted its holdings in Old Republic International Corporation by 22.8% during the first quarter. Alleghany Corp DE now owns 3,070,963 shares of the insurance provider’s stock worth $62,893,000 after buying an additional 570,963 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Old Republic International Corporation by 1.3% during the second quarter. Prudential Financial Inc. now owns 2,317,246 shares of the insurance provider’s stock worth $45,256,000 after buying an additional 29,760 shares in the last quarter. 71.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Old Republic International Corporation (NYSE ORI) opened at 19.66 on Friday. The stock has a market capitalization of $5.14 billion, a P/E ratio of 12.39 and a beta of 1.30. The company’s 50-day moving average is $19.33 and its 200-day moving average is $19.70. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Old Republic International Corporation will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 3.87%. Old Republic International Corporation’s dividend payout ratio (DPR) is 47.80%.

A number of brokerages recently issued reports on ORI. Zacks Investment Research raised shares of Old Republic International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th.

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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.

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

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