Magnetar Financial LLC Invests $947,000 in Old Republic International Co. (NYSE:ORI)

Magnetar Financial LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 30,658 shares of the insurance provider’s stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its position in shares of Old Republic International by 555.6% during 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. boosted its position in shares of Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 597 shares during the period. Innealta Capital LLC acquired a new stake in Old Republic International in the 2nd quarter valued at approximately $30,000. Quarry LP purchased a new stake in Old Republic International in the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd raised its position 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 purchasing an additional 362 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Down 1.2 %

ORI opened at $35.21 on Wednesday. Old Republic International Co. has a 52 week low of $26.08 and a 52 week high of $36.09. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $34.44 and a 200-day simple moving average of $31.88. The firm has a market cap of $9.10 billion, a P/E ratio of 13.70 and a beta of 0.84.

Old Republic International (NYSE:ORI) last released its earnings results 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. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same period in the previous year, the company posted $0.62 EPS. On average, equities analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Shareholders 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 yield of 3.05%. 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.