Arizona State Retirement System lowered its stake in Old Republic International Corp. (NYSE:ORI) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,532 shares of the company’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in Old Republic International Corp. were worth $1,912,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ORI. BB&T Corp increased its stake in shares of Old Republic International Corp. by 7.8% in the third quarter. BB&T Corp now owns 11,000 shares of the company’s stock valued at $194,000 after buying an additional 800 shares during the period. First Trust Advisors LP increased its stake in shares of Old Republic International Corp. by 3.8% in the third quarter. First Trust Advisors LP now owns 771,809 shares of the company’s stock valued at $13,599,000 after buying an additional 28,373 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Old Republic International Corp. by 1.3% in the third quarter. Mutual of America Capital Management LLC now owns 186,529 shares of the company’s stock valued at $3,287,000 after buying an additional 2,412 shares during the period. Nordea Investment Management AB increased its stake in shares of Old Republic International Corp. by 76.7% in the third quarter. Nordea Investment Management AB now owns 59,374 shares of the company’s stock valued at $1,046,000 after buying an additional 25,776 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Old Republic International Corp. during the third quarter valued at $1,130,000. Institutional investors own 71.09% of the company’s stock.

Institutional Ownership by Quarter for Old Republic International Corp. (NYSE:ORI)

Shares of Old Republic International Corp. (NYSE:ORI) traded down 1.97% during midday trading on Wednesday, reaching $17.87. The company’s stock had a trading volume of 2,021,812 shares. Old Republic International Corp. has a 52 week low of $16.51 and a 52 week high of $20.00. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 12.03 and a beta of 1.16. The firm’s 50 day moving average is $17.69 and its 200 day moving average is $18.61.

Old Republic International Corp. (NYSE:ORI) last posted its earnings results on Thursday, October 27th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International Corp. had a net margin of 7.29% and a return on equity of 8.90%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. Equities analysts forecast that Old Republic International Corp. will post $1.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 1st. Old Republic International Corp.’s dividend payout ratio (DPR) is presently 50.34%.

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Separately, Zacks Investment Research downgraded Old Republic International Corp. from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd.

In related news, CEO Aldo C. Zucaro bought 2,920 shares of the stock in a transaction dated Monday, October 31st. The stock was bought at an average cost of $16.61 per share, with a total value of $48,501.20. Following the completion of the acquisition, the chief executive officer now owns 1,250,000 shares of the company’s stock, valued at $20,762,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aldo C. Zucaro bought 5,000 shares of the stock in a transaction dated Tuesday, November 8th. The shares were bought at an average cost of $16.87 per share, with a total value of $84,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,255,000 shares of the company’s stock, valued at approximately $21,171,850. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

About Old Republic International Corp.

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

5 Day Chart for NYSE:ORI

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