Interval Partners LP Reduces Stock Holdings in Old Republic International Co. (NYSE:ORI)

Interval Partners LP lessened its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,043 shares of the insurance provider’s stock after selling 10,129 shares during the quarter. Interval Partners LP owned about 0.11% of Old Republic International worth $9,024,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc lifted its position in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 750 shares during the last quarter. Mather Group LLC. lifted 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 purchasing an additional 597 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Old Republic International in the 2nd quarter valued at about $30,000. Quarry LP purchased a new position in Old Republic International during the 4th quarter worth approximately $39,000. Finally, Covestor Ltd lifted its stake in Old Republic International by 23.0% in the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock valued at $59,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $35.32 on Monday. The business has a 50 day simple moving average of $34.30 and a 200-day simple moving average of $31.79. The company has a market capitalization of $9.60 billion, a P/E ratio of 13.74 and a beta of 0.84. Old Republic International Co. has a twelve month low of $26.08 and a twelve month high of $36.09. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.

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

Old Republic International Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

About Old Republic International

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.