BB&T Securities LLC lowered its stake in Old Republic International Corporation (NYSE:ORI) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,273 shares of the insurance provider’s stock after selling 2,552 shares during the period. BB&T Securities LLC’s holdings in Old Republic International Corporation were worth $845,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORI. Acrospire Investment Management LLC purchased a new stake in Old Republic International Corporation during the first quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Old Republic International Corporation by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock valued at $183,000 after buying 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 valued at about $181,000. Hartford Investment Management Co. bought a new stake in Old Republic International Corporation during the second quarter valued at about $206,000. Finally, National Asset Management Inc. boosted its stake in Old Republic International Corporation by 6.5% in the first quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock valued at $240,000 after buying an additional 710 shares in the last quarter. 71.23% of the stock is currently owned by institutional investors.

Shares of Old Republic International Corporation (ORI) opened at 19.12 on Wednesday. Old Republic International Corporation has a 52-week low of $16.51 and a 52-week high of $21.19. The company has a 50 day moving average of $19.42 and a 200 day moving average of $19.95. The firm has a market capitalization of $4.99 billion, a PE ratio of 12.05 and a beta of 1.32.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Thursday, August 31st. Old Republic International Corporation’s dividend payout ratio is currently 47.80%.

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ORI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, May 24th. 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.

In other news, Director Arnold L. Steiner sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the sale, the director now owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

About Old Republic International Corporation

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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