Envestnet Asset Management Inc. boosted its position in Old Republic International Corporation (NYSE:ORI) by 4.7% during the first quarter, Holdings Channel reports. The institutional investor owned 23,535 shares of the insurance provider’s stock after buying an additional 1,052 shares during the period. Envestnet Asset Management Inc.’s holdings in Old Republic International Corporation were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Manhattan Co. increased its position in shares of Old Republic International Corporation by 0.6% in the first quarter. First Manhattan Co. now owns 5,665,886 shares of the insurance provider’s stock worth $99,833,000 after buying an additional 34,264 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Old Republic International Corporation by 4.8% in the fourth quarter. AQR Capital Management LLC now owns 3,410,564 shares of the insurance provider’s stock worth $64,800,000 after buying an additional 154,720 shares in the last quarter. Norges Bank purchased a new position in shares of Old Republic International Corporation during the fourth quarter worth about $62,167,000. GW&K Investment Management LLC increased its position in shares of Old Republic International Corporation by 4.2% in the first quarter. GW&K Investment Management LLC now owns 1,522,518 shares of the insurance provider’s stock worth $31,181,000 after buying an additional 61,021 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its position in shares of Old Republic International Corporation by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,102,731 shares of the insurance provider’s stock worth $22,584,000 after buying an additional 36,704 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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

Old Republic International Corporation (NYSE ORI) opened at 20.17 on Tuesday. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19. The stock has a market cap of $5.26 billion, a P/E ratio of 12.70 and a beta of 1.20. The company has a 50-day moving average of $19.89 and a 200-day moving average of $19.87.

Old Republic International Corporation (NYSE:ORI) last released its earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that Old Republic International Corporation will post $1.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.76 annualized dividend and a yield of 3.77%. Old Republic International Corporation’s payout ratio is 47.80%.

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A number of research analysts recently issued reports on ORI shares. BidaskClub upgraded shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, May 24th.

In other news, Director Steven J. Bateman purchased 5,000 shares of Old Republic International Corporation stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $19.56 per share, with a total value of $97,800.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $293,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $20.24, for a total transaction of $404,800.00. Following the transaction, the director now directly owns 270,237 shares of the company’s stock, valued at approximately $5,469,596.88. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Old Republic International Corporation Company Profile

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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