Hilltop Holdings Inc. lessened its holdings in shares of Old Republic International Co. (NYSE:ORI) by 40.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,343 shares of the insurance provider’s stock after selling 7,078 shares during the period. Hilltop Holdings Inc.’s holdings in Old Republic International were worth $206,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ORI. Dubuque Bank & Trust Co. bought a new stake in Old Republic International during the 1st quarter valued at approximately $103,000. Itau Unibanco Holding S.A. boosted its position in Old Republic International by 535.2% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 7,470 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 6,294 shares in the last quarter. BB&T Securities LLC bought a new stake in Old Republic International during the 1st quarter valued at approximately $208,000. Clinton Group Inc. bought a new stake in Old Republic International during the 2nd quarter valued at approximately $221,000. Finally, HighVista Strategies LLC bought a new stake in Old Republic International during the 1st quarter valued at approximately $251,000. Institutional investors own 72.74% of the company’s stock.

Shares of ORI opened at $22.82 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.19. Old Republic International Co. has a 52 week low of $19.33 and a 52 week high of $22.88. The company has a market capitalization of $6.74 billion, a PE ratio of 20.56 and a beta of 1.23.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Old Republic International had a return on equity of 7.53% and a net margin of 8.72%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted $0.35 EPS. analysts forecast that Old Republic International Co. will post 1.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th were given a $0.195 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.42%. Old Republic International’s dividend payout ratio is currently 70.27%.

In other news, CFO Karl W. Mueller sold 9,879 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $22.00, for a total value of $217,338.00. Following the sale, the chief financial officer now directly owns 26,787 shares of the company’s stock, valued at approximately $589,314. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, August 1st.

Old Republic International Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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

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