Goldman Sachs Group Inc. raised its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,049,227 shares of the insurance provider’s stock after acquiring an additional 176,813 shares during the period. Goldman Sachs Group Inc. owned about 1.91% of Old Republic International worth $107,952,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in Old Republic International by 16.2% during the 4th quarter. Renaissance Technologies LLC now owns 9,023,085 shares of the insurance provider’s stock valued at $192,914,000 after acquiring an additional 1,257,200 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Old Republic International by 4.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,588,174 shares of the insurance provider’s stock worth $76,715,000 after purchasing an additional 149,537 shares during the period. Geode Capital Management LLC raised its stake in shares of Old Republic International by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 2,526,448 shares of the insurance provider’s stock worth $54,015,000 after purchasing an additional 192,077 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Old Republic International by 1.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,619,739 shares of the insurance provider’s stock worth $34,630,000 after purchasing an additional 20,050 shares during the period. Finally, Capital Returns Management LLC raised its stake in shares of Old Republic International by 37.1% during the 3rd quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock worth $25,821,000 after purchasing an additional 354,975 shares during the period. Institutional investors and hedge funds 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 that occurred on Thursday, February 15th. The stock was bought at an average price of $20.43 per share, with a total value of $102,150.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.
Shares of Old Republic International Co. (NYSE:ORI) opened at $21.32 on Wednesday. Old Republic International Co. has a twelve month low of $17.92 and a twelve month high of $22.34. The firm has a market capitalization of $5,723.63, a PE ratio of 18.97 and a beta of 1.36. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. analysts forecast that Old Republic International Co. will post 1.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.78 annualized dividend and a yield of 3.66%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s dividend payout ratio (DPR) is 40.63%.
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About Old Republic International
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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