Janus Henderson Group PLC bought a new position in Old Republic International Co. (NYSE:ORI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,368 shares of the insurance provider’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Old Republic International by 6.9% during the second quarter. BlackRock Inc. now owns 27,797,852 shares of the insurance provider’s stock valued at $553,455,000 after purchasing an additional 1,798,214 shares during the period. Millennium Management LLC increased its holdings in shares of Old Republic International by 178.4% during the first quarter. Millennium Management LLC now owns 4,014,006 shares of the insurance provider’s stock valued at $86,100,000 after purchasing an additional 2,572,151 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Old Republic International by 1.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,557,968 shares of the insurance provider’s stock valued at $70,839,000 after purchasing an additional 46,615 shares during the period. Hamlin Capital Management LLC increased its holdings in shares of Old Republic International by 63.5% during the second quarter. Hamlin Capital Management LLC now owns 2,796,753 shares of the insurance provider’s stock valued at $55,683,000 after purchasing an additional 1,086,120 shares during the period. Finally, Old Mutual Global Investors UK Ltd. increased its holdings in shares of Old Republic International by 8,624.5% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,231,303 shares of the insurance provider’s stock valued at $47,861,000 after purchasing an additional 2,205,728 shares during the period. 72.67% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, August 1st.

In other news, CFO Karl W. Mueller sold 9,879 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $22.00, for a total transaction of $217,338.00. Following the transaction, the chief financial officer now directly owns 26,787 shares of the company’s stock, valued at $589,314. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Shares of ORI opened at $22.95 on Monday. The firm has a market cap of $6.94 billion, a PE ratio of 20.68 and a beta of 1.23. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.19. Old Republic International Co. has a one year low of $19.33 and a one year high of $23.05.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.49 billion. Old Republic International had a return on equity of 7.53% and a net margin of 8.72%. During the same period last year, the company earned $0.35 earnings per share. sell-side analysts anticipate that Old Republic International Co. will post 1.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, August 31st. Old Republic International’s dividend payout ratio (DPR) is 70.27%.

About Old Republic International

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

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