Old Republic International Co. (NYSE:ORI) is Weaver C. Barksdale & Associates Inc.’s 8th Largest Position

Weaver C. Barksdale & Associates Inc. decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 75,010 shares of the insurance provider’s stock after selling 1,194 shares during the period. Old Republic International makes up 2.2% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 8th largest holding. Weaver C. Barksdale & Associates Inc.’s holdings in Old Republic International were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Old Republic International by 18.9% during the 4th quarter. BNP Paribas Financial Markets now owns 29,717 shares of the insurance provider’s stock valued at $874,000 after acquiring an additional 4,716 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Old Republic International by 10,794.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,708 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 14,573 shares in the last quarter. Norges Bank bought a new position in Old Republic International during the 4th quarter worth approximately $89,446,000. PNC Financial Services Group Inc. boosted its holdings in Old Republic International by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 222,709 shares of the insurance provider’s stock worth $6,548,000 after purchasing an additional 5,320 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Old Republic International by 3.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock valued at $550,000 after buying an additional 543 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Price Performance

Shares of ORI opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. Old Republic International Co. has a 12 month low of $26.08 and a 12 month high of $36.09. The stock has a fifty day moving average price of $34.22 and a 200 day moving average price of $31.72. The company has a market cap of $9.20 billion, a P/E ratio of 13.85 and a beta of 0.84.

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

Old Republic International Announces Dividend

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