BlueMountain Capital Management LLC lessened its holdings in Old Republic International Corporation (NYSE:ORI) by 70.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,209 shares of the insurance provider’s stock after selling 52,814 shares during the period. BlueMountain Capital Management LLC’s holdings in Old Republic International Corporation were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in Old Republic International Corporation by 3.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock valued at $1,248,000 after acquiring an additional 2,200 shares during the period. Legal & General Group Plc raised its stake in Old Republic International Corporation by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 1,180,229 shares of the insurance provider’s stock valued at $23,051,000 after acquiring an additional 58,636 shares during the period. Pinnacle Associates Ltd. raised its stake in Old Republic International Corporation by 8.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 123,278 shares of the insurance provider’s stock valued at $2,408,000 after acquiring an additional 9,187 shares during the period. CIBC World Markets Inc. raised its stake in Old Republic International Corporation by 11.1% in the 1st quarter. CIBC World Markets Inc. now owns 20,310 shares of the insurance provider’s stock valued at $416,000 after acquiring an additional 2,034 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Old Republic International Corporation by 5.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock valued at $2,552,000 after acquiring an additional 6,040 shares during the period. Institutional investors and hedge funds own 71.22% of the company’s stock.

ORI has been the topic of several recent research reports. Zacks Investment Research upgraded Old Republic International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub cut Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

Old Republic International Corporation (NYSE ORI) opened at 19.60 on Friday. The company has a market cap of $5.12 billion, a PE ratio of 12.35 and a beta of 1.31. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19. The firm’s 50-day moving average price is $19.22 and its 200 day moving average price is $19.74.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.88%. Old Republic International Corporation’s dividend payout ratio is presently 47.80%.

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

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