Intech Investment Management LLC Acquires New Shares in Old Republic International Co. (NYSE:ORI)

Intech Investment Management LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,845 shares of the insurance provider’s stock, valued at approximately $3,116,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Old Republic International by 6.3% during the first 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Old Republic International by 7.6% in 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 period. Norges Bank bought a new stake in shares of Old Republic International during the fourth quarter worth $89,446,000. LSV Asset Management raised its holdings 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 worth $56,804,000 after acquiring an additional 231,600 shares during the period. Finally, Raymond James & Associates lifted its position 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 acquiring an additional 18,825 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

ORI stock opened at $35.32 on Monday. The stock has a market cap of $9.60 billion, a PE ratio of 13.74 and a beta of 0.84. The stock has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $31.79. Old Republic International Co. has a 1 year low of $26.08 and a 1 year 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 announced its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.62 EPS. Equities analysts forecast that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 3.05%. Old Republic International’s dividend payout ratio is 41.25%.

Old Republic International Company 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.