Capital Returns Management LLC reduced its position in shares of Old Republic International Co. (NYSE:ORI) by 43.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 595,323 shares of the insurance provider’s stock after selling 464,670 shares during the quarter. Old Republic International accounts for 6.2% of Capital Returns Management LLC’s investment portfolio, making the stock its 7th biggest holding. Capital Returns Management LLC’s holdings in Old Republic International were worth $13,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. raised its position in shares of Old Republic International by 535.2% in the second quarter. Itau Unibanco Holding S.A. now owns 7,470 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 6,294 shares during the period. Cerebellum GP LLC bought a new position in shares of Old Republic International in the third quarter valued at about $182,000. Advisors Asset Management Inc. raised its position in shares of Old Republic International by 767.5% in the second quarter. Advisors Asset Management Inc. now owns 25,783 shares of the insurance provider’s stock valued at $201,000 after purchasing an additional 22,811 shares during the period. IFP Advisors Inc raised its position in shares of Old Republic International by 68.2% in the third quarter. IFP Advisors Inc now owns 9,461 shares of the insurance provider’s stock valued at $212,000 after purchasing an additional 3,836 shares during the period. Finally, First Midwest Bank Trust Division bought a new position in shares of Old Republic International in the third quarter valued at about $219,000. 72.93% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, November 1st.

Shares of ORI opened at $22.09 on Friday. The stock has a market capitalization of $6.70 billion, a PE ratio of 19.90 and a beta of 1.07. Old Republic International Co. has a fifty-two week low of $19.48 and a fifty-two week high of $23.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.49 and a current ratio of 0.49.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.12. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.56 billion. Old Republic International had a net margin of 12.01% and a return on equity of 10.18%. Equities research analysts anticipate that Old Republic International Co. will post 1.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, December 4th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, December 3rd. Old Republic International’s payout ratio is presently 70.27%.

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

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