CIBC World Markets Inc. grew its stake in Old Republic International Corporation (NYSE:ORI) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,468 shares of the insurance provider’s stock after acquiring an additional 4,158 shares during the period. CIBC World Markets Inc.’s holdings in Old Republic International Corporation were worth $478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ffcm LLC grew its holdings in shares of Old Republic International Corporation by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Old Republic International Corporation by 14.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 1,147 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Old Republic International Corporation in the 2nd quarter valued at about $181,000. Hartford Investment Management Co. bought a new position in shares of Old Republic International Corporation in the 2nd quarter valued at about $206,000. Finally, National Asset Management Inc. grew its holdings in shares of Old Republic International Corporation by 6.5% in the 1st quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 710 shares in the last quarter. Institutional investors own 71.22% of the company’s stock.

Several brokerages recently issued reports on ORI. Zacks Investment Research upgraded shares of Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, May 24th. BidaskClub upgraded shares of Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.

Shares of Old Republic International Corporation (NYSE ORI) opened at 19.72 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 $19.22 and a 200 day moving average of $19.74. The firm has a market capitalization of $5.15 billion, a P/E ratio of 12.43 and a beta of 1.31.

Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Old Republic International Corporation will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, August 31st. Old Republic International Corporation’s payout ratio is 47.80%.

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Old Republic International Corporation Profile

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.

Institutional Ownership by Quarter for Old Republic International Corporation (NYSE:ORI)

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