Providence Capital Advisors LLC Has $3.03 Million Position in Old Republic International Co. (NYSE:ORI)

Providence Capital Advisors LLC lifted its stake in shares of Old Republic International Co. (NYSE:ORI) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 98,120 shares of the insurance provider’s stock after buying an additional 1,389 shares during the quarter. Providence Capital Advisors LLC’s holdings in Old Republic International were worth $3,032,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Old Republic International by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after purchasing an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after buying an additional 532,251 shares during the period. LSV Asset Management increased its holdings in Old Republic International by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after buying an additional 231,600 shares during the period. Raymond James & Associates increased its holdings in Old Republic International by 1.8% in the 2nd quarter. Raymond James & Associates now owns 1,047,289 shares of the insurance provider’s stock valued at $32,361,000 after buying an additional 18,825 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Old Republic International by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock valued at $31,930,000 after buying an additional 43,458 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Up 0.9 %

Shares of Old Republic International stock opened at $35.65 on Tuesday. The firm has a market capitalization of $9.69 billion, a PE ratio of 13.87 and a beta of 0.84. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $34.38 and its 200 day moving average is $31.84. Old Republic International Co. has a 1 year low of $26.08 and a 1 year high of $36.09.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate 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 period last year, the company earned $0.62 EPS. Equities research analysts forecast that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

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