Systematic Financial Management LP Has $24.88 Million Stake in Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 805,199 shares of the insurance provider’s stock after selling 46,213 shares during the quarter. Systematic Financial Management LP owned 0.30% of Old Republic International worth $24,881,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Versant Capital Management Inc boosted its stake in Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 750 shares during the period. Mather Group LLC. lifted its holdings in shares of Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 597 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Old Republic International during the second quarter worth about $30,000. Quarry LP bought a new position in shares of Old Republic International during the fourth quarter worth about $39,000. Finally, Covestor Ltd grew its holdings in shares of Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after buying an additional 362 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI stock opened at $35.38 on Friday. Old Republic International Co. has a 12 month low of $26.08 and a 12 month high of $36.09. The company’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $31.97. The firm has a market cap of $9.15 billion, a PE ratio of 13.77 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the company earned $0.62 earnings per share. Equities research analysts expect that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s payout ratio is presently 41.25%.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.