Ameritas Investment Partners Inc. Sells 2,376 Shares of Old Republic International Co. (NYSE:ORI)

Ameritas Investment Partners Inc. decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,150 shares of the insurance provider’s stock after selling 2,376 shares during the period. Ameritas Investment Partners Inc. owned about 0.05% of Old Republic International worth $4,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 4,716 shares in the last quarter. Norges Bank bought a new position in shares of Old Republic International in the fourth quarter valued at about $89,446,000. PNC Financial Services Group Inc. raised its holdings in shares of 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 valued at $6,548,000 after buying an additional 5,320 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Old Republic International by 3.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock worth $550,000 after buying an additional 543 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Old Republic International by 4.3% during the 4th quarter. Assetmark Inc. now owns 166,905 shares of the insurance provider’s stock worth $4,907,000 after acquiring an additional 6,807 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.8 %

Shares of NYSE ORI opened at $35.30 on Friday. Old Republic International Co. has a 1-year low of $26.08 and a 1-year high of $36.09. The company has a 50-day moving average of $34.30 and a two-hundred day moving average of $31.76. The company has a market cap of $9.60 billion, a PE ratio of 13.74 and a beta of 0.84. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The company 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 quarter in the previous year, the company earned $0.62 EPS. As a group, equities analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

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