Fruth Investment Management acquired a new position in shares of Old Republic International Co. (NYSE:ORI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,400 shares of the insurance provider’s stock, valued at approximately $268,000.

Other large investors have also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in shares of Old Republic International during the 2nd quarter worth approximately $37,000. Hillsdale Investment Management Inc. acquired a new stake in Old Republic International in the 2nd quarter valued at $45,000. Westside Investment Management Inc. acquired a new stake in Old Republic International in the 2nd quarter valued at $51,000. Parallel Advisors LLC boosted its stake in Old Republic International by 29.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock valued at $51,000 after buying an additional 509 shares in the last quarter. Finally, QCI Asset Management Inc. NY acquired a new stake in Old Republic International in the 2nd quarter valued at $56,000. 74.80% of the stock is currently owned by institutional investors.

ORI stock traded down $0.01 during trading on Wednesday, hitting $22.98. The company had a trading volume of 56,110 shares, compared to its average volume of 1,482,723. The company has a fifty day moving average price of $22.97 and a two-hundred day moving average price of $22.38. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17. The company has a market cap of $7.12 billion, a P/E ratio of 12.35 and a beta of 0.77. Old Republic International Co. has a fifty-two week low of $19.55 and a fifty-two week high of $23.82.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Old Republic International had a return on equity of 10.21% and a net margin of 11.35%. Old Republic International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, analysts expect that Old Republic International Co. will post 1.85 earnings per share for the current year.

The business also recently declared a None dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a $1.20 dividend. The ex-dividend date was Thursday, September 5th. Old Republic International’s dividend payout ratio is 43.01%.

Several analysts recently commented on ORI shares. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. JMP Securities lowered Old Republic International from an “outperform” rating to a “market perform” rating in a research note on Friday, July 12th.

In other Old Republic International news, VP Cheryl A. Jones sold 3,250 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.85, for a total value of $74,262.50. Following the transaction, the vice president now owns 10,738 shares of the company’s stock, valued at $245,363.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Charles S. Boone sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $22.84, for a total value of $354,020.00. Following the completion of the transaction, the vice president now directly owns 23,250 shares in the company, valued at approximately $531,030. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,510 shares of company stock worth $910,953. 1.90% of the stock is owned by insiders.

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

See Also: Discount Rate

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

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