Parallel Advisors LLC Sells 318 Shares of Old Republic International Co. (NYSE:ORI)

Parallel Advisors LLC reduced its holdings in Old Republic International Co. (NYSE:ORI) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,606 shares of the insurance provider’s stock after selling 318 shares during the quarter. Parallel Advisors LLC’s holdings in Old Republic International were worth $606,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ORI. BNP Paribas Financial Markets increased its position in Old Republic International by 18.9% in the 4th quarter. BNP Paribas Financial Markets now owns 29,717 shares of the insurance provider’s stock worth $874,000 after buying an additional 4,716 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Old Republic International by 10,794.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,708 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 14,573 shares during the period. Level Four Advisory Services LLC boosted its stake in Old Republic International by 11.8% during the fourth quarter. Level Four Advisory Services LLC now owns 19,266 shares of the insurance provider’s stock worth $566,000 after buying an additional 2,040 shares in the last quarter. Norges Bank bought a new stake in Old Republic International in the 4th quarter valued at $89,446,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Old Republic International in the 4th quarter valued at $3,421,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $35.47 on Tuesday. Old Republic International Co. has a twelve month low of $26.08 and a twelve month high of $36.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $9.17 billion, a P/E ratio of 13.80 and a beta of 0.84. The firm’s 50-day simple moving average is $33.92 and its 200-day simple moving average is $31.62.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the firm posted $0.62 EPS. As a group, research analysts expect that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were issued a dividend of $1.06 per share. This represents a dividend yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s payout ratio is presently 41.25%.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.