Isthmus Partners LLC Lowers Position in Old Republic International Co. (NYSE:ORI)

Isthmus Partners LLC decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 13.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,200 shares of the insurance provider’s stock after selling 933 shares during the period. Isthmus Partners LLC’s holdings in Old Republic International were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ORI. Los Angeles Capital Management LLC increased its holdings in Old Republic International by 5.3% during the second quarter. Los Angeles Capital Management LLC now owns 323,136 shares of the insurance provider’s stock valued at $9,985,000 after buying an additional 16,329 shares during the period. Savant Capital LLC boosted its stake in Old Republic International by 75.7% in the 2nd quarter. Savant Capital LLC now owns 15,167 shares of the insurance provider’s stock worth $469,000 after purchasing an additional 6,534 shares in the last quarter. Foster & Motley Inc. grew its position in Old Republic International by 39.9% during the 2nd quarter. Foster & Motley Inc. now owns 14,929 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 4,260 shares during the last quarter. TD Asset Management Inc increased its stake in Old Republic International by 266.7% during the 2nd quarter. TD Asset Management Inc now owns 29,700 shares of the insurance provider’s stock valued at $918,000 after purchasing an additional 21,600 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of NYSE ORI traded down $0.27 during mid-day trading on Friday, hitting $34.95. The stock had a trading volume of 1,039,662 shares, compared to its average volume of 1,496,402. The firm has a market cap of $9.50 billion, a PE ratio of 13.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day moving average of $33.29 and a two-hundred day moving average of $31.28. Old Republic International Co. has a twelve month low of $26.08 and a twelve month high of $36.09.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same period in the prior year, the company earned $0.62 earnings per share. Research analysts predict that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date is Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

About Old Republic International

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