Old Republic International Corp. (NYSE:ORI) announced a quarterly dividend on Monday, November 21st. Investors of record on Monday, December 5th will be paid a dividend of 0.1875 per share on Thursday, December 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, December 1st.

Shares of Old Republic International Corp. (NYSE:ORI) opened at 18.23 on Wednesday. The company’s 50 day moving average price is $17.69 and its 200-day moving average price is $18.61. 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 $4.73 billion, a PE ratio of 12.27 and a beta of 1.16.

Old Republic International Corp. (NYSE:ORI) last released its earnings results on Thursday, October 27th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. Old Republic International Corp. had a return on equity of 8.90% and a net margin of 7.29%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Old Republic International Corp. will post $1.35 EPS for the current fiscal year.

Dividend History for Old Republic International Corp. (NYSE:ORI)

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC boosted its position in shares of Old Republic International Corp. by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 859,650 shares of the company’s stock worth $16,583,000 after buying an additional 3,417 shares during the last quarter. BlackRock Inc. boosted its position in shares of Old Republic International Corp. by 36.6% in the second quarter. BlackRock Inc. now owns 585,412 shares of the company’s stock worth $11,292,000 after buying an additional 156,958 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Old Republic International Corp. by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 38,553 shares of the company’s stock worth $744,000 after buying an additional 1,856 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Old Republic International Corp. during the second quarter worth approximately $129,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Old Republic International Corp. during the second quarter worth approximately $694,000. Institutional investors own 71.09% 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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