First Eagle Investment Management LLC Buys 20,600 Shares of Old Republic International Co. (NYSE:ORI)

First Eagle Investment Management LLC boosted its stake in Old Republic International Co. (NYSE:ORI) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,285 shares of the insurance provider’s stock after purchasing an additional 20,600 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.16% of Old Republic International worth $13,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in shares of Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 597 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Old Republic International in the 2nd quarter valued at about $30,000. Quarry LP bought a new stake in shares of Old Republic International during the 4th quarter valued at about $39,000. Finally, Covestor Ltd grew its holdings in shares of Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.2 %

Shares of ORI opened at $35.59 on Friday. Old Republic International Co. has a 1-year low of $26.08 and a 1-year high of $36.09. The company has a market capitalization of $9.20 billion, a P/E ratio of 13.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $31.72.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company posted $0.62 EPS. Sell-side analysts forecast that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

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

Old Republic International 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.