Great West Life Assurance Co. Can cut its position in Old Republic International Corporation (NYSE:ORI) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,534 shares of the insurance provider’s stock after selling 2,604 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of Old Republic International worth $3,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in Old Republic International by 0.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 19,768 shares of the insurance provider’s stock valued at $386,000 after acquiring an additional 176 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Old Republic International by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 48,609 shares of the insurance provider’s stock valued at $949,000 after acquiring an additional 350 shares during the last quarter. Stephens Inc. AR raised its stake in Old Republic International by 2.3% during the 2nd quarter. Stephens Inc. AR now owns 21,878 shares of the insurance provider’s stock valued at $427,000 after acquiring an additional 500 shares during the last quarter. Utah Retirement Systems raised its stake in Old Republic International by 1.4% during the 2nd quarter. Utah Retirement Systems now owns 44,588 shares of the insurance provider’s stock valued at $870,000 after acquiring an additional 600 shares during the last quarter. Finally, Krilogy Financial LLC raised its stake in Old Republic International by 3.3% during the 2nd quarter. Krilogy Financial LLC now owns 21,105 shares of the insurance provider’s stock valued at $412,000 after acquiring an additional 675 shares during the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.

ORI has been the subject of several analyst reports. Zacks Investment Research raised Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

In other news, VP Charles S. Boone sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the transaction, the vice president now directly owns 22,750 shares of the company’s stock, valued at approximately $476,840. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO R Scott Rager sold 47,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $997,500.00. Following the transaction, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at $840,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,552 shares of company stock valued at $1,711,992. Company insiders own 2.00% of the company’s stock.

Shares of Old Republic International Corporation (NYSE ORI) traded up $0.01 during mid-day trading on Monday, hitting $20.84. The stock had a trading volume of 1,844,500 shares, compared to its average volume of 1,346,616. The stock has a market cap of $5,497.73, a P/E ratio of 17.08 and a beta of 1.36. Old Republic International Corporation has a fifty-two week low of $17.92 and a fifty-two week high of $21.19. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. analysts expect that Old Republic International Corporation will post 1.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Monday, December 4th. Old Republic International’s dividend payout ratio (DPR) is 55.47%.

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Old Republic International 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 (NYSE:ORI)

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