Old Republic International Corp. (ORI) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its position in Old Republic International Corp. (NYSE:ORI) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 771,809 shares of the company’s stock after buying an additional 28,373 shares during the period. First Trust Advisors LP’s holdings in Old Republic International Corp. were worth $13,599,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of Old Republic International Corp. during the second quarter worth $108,000. Creative Planning boosted its stake in shares of Old Republic International Corp. by 35.5% in the second quarter. Creative Planning now owns 5,969 shares of the company’s stock worth $115,000 after buying an additional 1,564 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Old Republic International Corp. during the second quarter valued at approximately $128,000. Catalyst Capital Advisors LLC acquired a new stake in Old Republic International Corp. during the second quarter valued at approximately $129,000. Finally, Delta Asset Management LLC TN boosted its stake in Old Republic International Corp. by 90.4% in the third quarter. Delta Asset Management LLC TN now owns 7,740 shares of the company’s stock valued at $136,000 after buying an additional 3,675 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors.
Old Republic International Corp. (NYSE:ORI) traded down 0.960% during mid-day trading on Wednesday, reaching $18.055. The company had a trading volume of 608,794 shares. Old Republic International Corp. has a 52-week low of $16.51 and a 52-week high of $20.00. The company’s 50 day moving average is $17.69 and its 200 day moving average is $18.61. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.150 and a beta of 1.16.
Old Republic International Corp. (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International Corp. had a return on equity of 8.90% and a net margin of 7.29%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities analysts predict that Old Republic International Corp. will post $1.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date 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 cut Old Republic International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd.
In other news, CEO Aldo C. Zucaro bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average cost of $16.87 per share, with a total value of $84,350.00. Following the completion of the transaction, the chief executive officer now directly owns 1,255,000 shares in the company, valued at $21,171,850. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mieghem Dennis P. Van bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were purchased at an average cost of $16.72 per share, for a total transaction of $33,440.00. Following the completion of the transaction, the director now owns 5,675 shares of the company’s stock, valued at $94,886. The disclosure for this purchase can be found here. Corporate 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.
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