Steel Grove Capital Advisors LLC Has $1.86 Million Holdings in Old Republic International Co. (NYSE:ORI)

Steel Grove Capital Advisors LLC trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,175 shares of the insurance provider’s stock after selling 7,077 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Old Republic International were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ORI. Versant Capital Management Inc raised its holdings in shares of Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares during the period. Mather Group LLC. lifted its position in shares of Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Old Republic International during the 2nd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Old Republic International in the fourth quarter valued at about $39,000. Finally, Trust Co. of Vermont grew its stake in shares of Old Republic International by 138.4% in the fourth quarter. Trust Co. of Vermont now owns 1,988 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 1,154 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $35.32 on Monday. The company has a 50-day simple moving average of $34.30 and a two-hundred day simple moving average of $31.79. Old Republic International Co. has a twelve month low of $26.08 and a twelve month high of $36.09. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 13.74 and a beta of 0.84. The company has a quick ratio of 0.29, a current 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 (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 business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company posted $0.62 earnings per share. Analysts forecast that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

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 dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s payout ratio is currently 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.