Mutual of America Capital Management LLC Sells 10,623 Shares of Old Republic International Co. (NYSE:ORI)

Mutual of America Capital Management LLC trimmed its stake in Old Republic International Co. (NYSE:ORI) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,743 shares of the insurance provider’s stock after selling 10,623 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Old Republic International worth $4,473,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Old Republic International in the 4th quarter worth about $89,446,000. Vanguard Group Inc. lifted its stake in shares of Old Republic International by 6.3% in the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after buying an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Old Republic International by 7.6% during the second 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 last quarter. LSV Asset Management increased its position in shares of Old Republic International by 14.4% during the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares in the last quarter. Finally, Capital Fund Management S.A. raised its holdings in Old Republic International by 192.1% in the 4th quarter. Capital Fund Management S.A. now owns 337,054 shares of the insurance provider’s stock worth $9,909,000 after acquiring an additional 221,682 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

ORI stock opened at $35.32 on Friday. The stock has a market capitalization of $9.60 billion, a PE ratio of 13.74 and a beta of 0.84. The stock’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $31.78. Old Republic International Co. has a 12-month low of $26.08 and a 12-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 released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm posted $0.62 earnings per share. As a group, 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 business also recently announced 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 was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s dividend payout ratio 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.