Deutsche Bank AG lowered its holdings in Old Republic International (NYSE:ORI) by 71.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,756,102 shares of the insurance provider’s stock after selling 4,451,843 shares during the quarter. Deutsche Bank AG owned 0.67% of Old Republic International worth $37,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Old Republic International by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 200,897 shares of the insurance provider’s stock valued at $4,295,000 after acquiring an additional 2,713 shares during the last quarter. Rhumbline Advisers increased its position in Old Republic International by 0.6% during the third quarter. Rhumbline Advisers now owns 457,998 shares of the insurance provider’s stock valued at $9,018,000 after acquiring an additional 2,776 shares during the last quarter. Amalgamated Bank increased its position in Old Republic International by 6.0% during the fourth quarter. Amalgamated Bank now owns 49,302 shares of the insurance provider’s stock valued at $1,054,000 after acquiring an additional 2,787 shares during the last quarter. Delta Asset Management LLC TN increased its position in Old Republic International by 15.8% during the fourth quarter. Delta Asset Management LLC TN now owns 21,665 shares of the insurance provider’s stock valued at $463,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Old Republic International by 4.2% during the third quarter. Janney Montgomery Scott LLC now owns 75,244 shares of the insurance provider’s stock valued at $1,482,000 after acquiring an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.
In related news, Director Glenn W. Reed purchased 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average price of $20.43 per share, with a total value of $102,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
Shares of Old Republic International (ORI) opened at $21.30 on Friday. The company has a market capitalization of $5,672.46, a price-to-earnings ratio of 11.09 and a beta of 1.36. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. Old Republic International has a 1 year low of $17.92 and a 1 year high of $22.34.
Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. Old Republic International’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. equities analysts forecast that Old Republic International will post 1.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, March 2nd. This is a positive change from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s payout ratio is currently 40.63%.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, December 28th. ValuEngine upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, JMP Securities upgraded Old Republic International from a “market perform” rating to an “outperform” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.
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Old Republic International Company 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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