HHM Wealth Advisors LLC Takes $65,000 Position in Old Republic International Co. (NYSE:ORI)

HHM Wealth Advisors LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,100 shares of the insurance provider’s stock, valued at approximately $65,000.

A number of other hedge funds have also bought and sold shares of ORI. Charles Schwab Investment Management Inc. raised its position in shares of Old Republic International by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider’s stock worth $53,423,000 after acquiring an additional 32,917 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Old Republic International by 18.9% during the fourth quarter. BNP Paribas Financial Markets now owns 29,717 shares of the insurance provider’s stock worth $874,000 after purchasing an additional 4,716 shares during the period. AGF Management Ltd. bought a new stake in Old Republic International in the fourth quarter worth approximately $2,854,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Old Republic International by 10,794.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,708 shares of the insurance provider’s stock valued at $432,000 after buying an additional 14,573 shares during the period. Finally, Navellier & Associates Inc. boosted its holdings in shares of Old Republic International by 16.8% during the 4th quarter. Navellier & Associates Inc. now owns 20,441 shares of the insurance provider’s stock worth $601,000 after buying an additional 2,934 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI stock opened at $34.29 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a 52 week low of $26.08 and a 52 week high of $36.09. The firm has a 50 day moving average of $33.55 and a 200-day moving average of $31.45. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 13.33 and a beta of 0.84.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, September 16th. Investors 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 of this dividend is Friday, September 6th. Old Republic International’s dividend payout ratio is currently 41.25%.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.