Isthmus Partners LLC Trims Stake in Old Republic International Co. (NYSE:ORI)

Isthmus Partners LLC lessened its stake in Old Republic International Co. (NYSE:ORI) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in Old Republic International by 2,849.9% during the fourth quarter. International Assets Investment Management LLC now owns 124,428 shares of the insurance provider’s stock worth $3,658,000 after buying an additional 120,210 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Old Republic International by 26.9% during the 4th quarter. Russell Investments Group Ltd. now owns 151,285 shares of the insurance provider’s stock worth $4,448,000 after acquiring an additional 32,086 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Old Republic International by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider’s stock valued at $53,423,000 after acquiring an additional 32,917 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Old Republic International by 5.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 465 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Old Republic International by 18.9% in the 4th 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. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI traded down $0.27 during midday trading on Friday, reaching $34.95. 1,039,662 shares of the company’s stock traded hands, compared to its average volume of 1,496,402. The company has a market cap of $9.50 billion, a P/E ratio of 13.60 and a beta of 0.84. The company has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $31.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Old Republic International Co. has a 1 year low of $26.08 and a 1 year high of $36.09.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $0.62 earnings per share. Equities analysts predict that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s 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.