Franklin Resources Inc. lessened its holdings in Old Republic International Co. (NYSE:ORI) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,756,526 shares of the insurance provider’s stock after selling 235,506 shares during the quarter. Franklin Resources Inc. owned 2.56% of Old Republic International worth $144,455,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Swiss National Bank raised its position in Old Republic International by 1.8% in the 3rd quarter. Swiss National Bank now owns 418,700 shares of the insurance provider’s stock worth $8,244,000 after purchasing an additional 7,600 shares during the period. State of Alaska Department of Revenue purchased a new position in Old Republic International in the 4th quarter worth $310,000. Brandes Investment Partners LP raised its position in Old Republic International by 7.3% in the 3rd quarter. Brandes Investment Partners LP now owns 440,546 shares of the insurance provider’s stock worth $12,966,000 after purchasing an additional 29,880 shares during the period. Cipher Capital LP purchased a new position in Old Republic International in the 3rd quarter worth $299,000. Finally, Sadoff Investment Management LLC raised its position in Old Republic International by 1.5% in the 3rd quarter. Sadoff Investment Management LLC now owns 543,905 shares of the insurance provider’s stock worth $10,709,000 after purchasing an additional 7,900 shares during the period. Institutional investors own 73.51% of the company’s stock.
In other news, Director Glenn W. Reed acquired 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were purchased at an average price of $20.43 per share, for a total transaction of $102,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.
Old Republic International Co. (ORI) opened at $21.32 on Wednesday. Old Republic International Co. has a 52-week low of $17.92 and a 52-week high of $22.34. The stock has a market cap of $5,723.63, a PE ratio of 18.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49.
Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities research analysts expect that Old Republic International Co. will post 1.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a $0.195 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.66%. Old Republic International’s payout ratio is presently 40.63%.
Old Republic International 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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