State of Tennessee Treasury Department Has $1.95 Million Holdings in Old Republic International Corporation (ORI)

State of Tennessee Treasury Department reduced its position in shares of Old Republic International Corporation (NYSE:ORI) by 47.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the insurance provider’s stock after selling 90,000 shares during the quarter. State of Tennessee Treasury Department’s holdings in Old Republic International Corporation were worth $1,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Old Republic International Corporation by 14.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 1,147 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Old Republic International Corporation during the second quarter worth $181,000. Hartford Investment Management Co. bought a new stake in Old Republic International Corporation during the second quarter worth $206,000. National Asset Management Inc. raised its position in Old Republic International Corporation by 6.5% during the first quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 710 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. raised its position in Old Republic International Corporation by 2.9% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,428 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 346 shares in the last quarter. 71.22% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Corporation (NYSE ORI) opened at 19.64 on Tuesday. The stock has a 50 day moving average of $19.21 and a 200 day moving average of $19.75. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 12.38 and a beta of 1.31. Old Republic International Corporation has a 12 month low of $16.51 and a 12 month high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Old Republic International Corporation will post $1.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.76 annualized dividend and a dividend yield of 3.87%. Old Republic International Corporation’s payout ratio is 47.80%.

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Several analysts have issued reports on ORI shares. Zacks Investment Research lowered shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th.

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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