Royal Bank of Canada Purchases 10,125 Shares of Old Republic International Co. (NYSE:ORI)

Royal Bank of Canada grew its position in shares of Old Republic International Co. (NYSE:ORI) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,071 shares of the insurance provider’s stock after acquiring an additional 10,125 shares during the quarter. Royal Bank of Canada owned about 0.08% of Old Republic International worth $5,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORI. First Trust Advisors LP increased its holdings in shares of Old Republic International by 55.8% during the first quarter. First Trust Advisors LP now owns 880,670 shares of the insurance provider’s stock valued at $18,424,000 after acquiring an additional 315,388 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Old Republic International by 0.3% during the first quarter. Principal Financial Group Inc. now owns 1,262,365 shares of the insurance provider’s stock worth $26,409,000 after buying an additional 3,378 shares in the last quarter. Burney Co. grew its holdings in Old Republic International by 14.0% during the first quarter. Burney Co. now owns 31,412 shares of the insurance provider’s stock worth $657,000 after buying an additional 3,862 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Old Republic International by 30.4% during the first quarter. Quantinno Capital Management LP now owns 25,685 shares of the insurance provider’s stock worth $537,000 after buying an additional 5,993 shares in the last quarter. Finally, Cerebellum GP LLC grew its holdings in Old Republic International by 120.3% during the first quarter. Cerebellum GP LLC now owns 13,178 shares of the insurance provider’s stock worth $276,000 after buying an additional 7,197 shares in the last quarter. Hedge funds and other institutional investors own 74.80% of the company’s stock.

Several equities research analysts recently issued reports on ORI shares. ValuEngine downgraded Old Republic International from a “hold” rating to a “sell” rating in a report on Friday. JMP Securities downgraded Old Republic International from an “outperform” rating to a “market perform” rating in a report on Friday, July 12th. Finally, Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th.

Shares of Old Republic International stock opened at $23.40 on Friday. The stock has a fifty day simple moving average of $23.03 and a 200 day simple moving average of $22.42. Old Republic International Co. has a 12-month low of $19.55 and a 12-month high of $23.82. The company has a market capitalization of $6.96 billion, a P/E ratio of 12.35 and a beta of 0.77. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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 revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, analysts predict that Old Republic International Co. will post 1.85 EPS for the current year.

The firm also recently disclosed a None dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, September 5th. Old Republic International’s dividend payout ratio (DPR) is presently 43.01%.

In other Old Republic International news, VP Charles S. Boone sold 15,500 shares of the company’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 owns 23,250 shares in the company, valued at approximately $531,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karl W. Mueller sold 20,760 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $23.25, for a total value of $482,670.00. Following the completion of the transaction, the chief financial officer now owns 52,539 shares of the company’s stock, valued at approximately $1,221,531.75. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 600 shares of company stock valued at $13,516 and sold 39,510 shares valued at $910,953. 1.90% of the stock is owned by corporate insiders.

Old Republic International Company Profile

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.

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

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