Brandes Investment Partners LP Lowers Stock Holdings in Old Republic International Co. (NYSE:ORI)

Brandes Investment Partners LP lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 97.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,329 shares of the insurance provider’s stock after selling 965,411 shares during the period. Brandes Investment Partners LP’s holdings in Old Republic International were worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position 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 buying an additional 750 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 597 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at $30,000. Quarry LP purchased a new position in Old Republic International in the 4th quarter worth $39,000. Finally, Trust Co. of Vermont lifted its stake in Old Republic International by 138.4% in the fourth quarter. Trust Co. of Vermont now owns 1,988 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 1,154 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Up 0.1 %

Shares of NYSE:ORI opened at $35.42 on Tuesday. Old Republic International Co. has a 12-month low of $26.08 and a 12-month high of $36.09. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $34.63 and its 200-day moving average price is $32.01. The stock has a market capitalization of $9.63 billion, a P/E ratio of 13.78 and a beta of 0.84.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts anticipate that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

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

Old Republic International 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.