Parametric Portfolio Associates LLC lifted its position in Old Republic International Corporation (NYSE:ORI) by 5.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,349 shares of the insurance provider’s stock after purchasing an additional 27,062 shares during the quarter. Parametric Portfolio Associates LLC owned 0.20% of Old Republic International Corporation worth $10,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ffcm LLC boosted its holdings in shares of Old Republic International Corporation by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 3,900 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Old Republic International Corporation in the 2nd quarter worth about $181,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Old Republic International Corporation by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 710 shares in the last quarter. Hartford Investment Management Co. purchased a new position in shares of Old Republic International Corporation in the 2nd quarter worth about $206,000. Finally, National Asset Management Inc. boosted its holdings in shares of Old Republic International Corporation by 6.5% in the 1st quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock worth $240,000 after purchasing an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 71.22% of the company’s stock.

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ORI has been the subject of a number of research reports. BidaskClub upgraded Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Zacks Investment Research cut Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.66 on Friday. The company’s 50-day moving average price is $19.40 and its 200 day moving average price is $19.68. The stock has a market capitalization of $5.14 billion, a PE ratio of 12.39 and a beta of 1.30. 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 released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS. Analysts anticipate that Old Republic International Corporation will post $1.45 EPS for the current year.

The business also recently declared 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 annualized dividend and a yield of 3.87%. Old Republic International Corporation’s dividend payout ratio is currently 47.80%.

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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