Foster & Motley Inc. Raises Stock Holdings in Old Republic International Co. (NYSE:ORI)

Foster & Motley Inc. raised its position in shares of Old Republic International Co. (NYSE:ORI) by 39.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,929 shares of the insurance provider’s stock after acquiring an additional 4,260 shares during the period. Foster & Motley Inc.’s holdings in Old Republic International were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Financial Counselors Inc. raised its holdings in shares of Old Republic International by 3.8% during the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after acquiring an additional 340 shares in the last quarter. Covestor Ltd raised its holdings in shares of Old Republic International by 23.0% during the 1st quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 362 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Old Republic International by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Moloney Securities Asset Management LLC increased its position in shares of Old Republic International by 3.3% during the 1st quarter. Moloney Securities Asset Management LLC now owns 14,216 shares of the insurance provider’s stock valued at $437,000 after purchasing an additional 452 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE ORI opened at $34.95 on Friday. The company has a market cap of $9.03 billion, a P/E ratio of 13.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $33.29 and its 200-day moving average price is $31.28. Old Republic International Co. has a fifty-two week low of $26.08 and a fifty-two week high of $36.09.

Old Republic International (NYSE:ORI) last released its earnings results 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. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same quarter in the previous year, the company posted $0.62 EPS. Sell-side analysts predict that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

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

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