Ensign Peak Advisors Inc Has $3.35 Million Position in Old Republic International Co. (NYSE:ORI)

Ensign Peak Advisors Inc raised its position in Old Republic International Co. (NYSE:ORI) by 20.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 108,505 shares of the insurance provider’s stock after buying an additional 18,070 shares during the period. Ensign Peak Advisors Inc’s holdings in Old Republic International were worth $3,353,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new position in Old Republic International in the 4th quarter valued at approximately $980,000. Nordea Investment Management AB increased its position in Old Republic International by 26.4% in the 1st quarter. Nordea Investment Management AB now owns 551,744 shares of the insurance provider’s stock valued at $17,032,000 after acquiring an additional 115,324 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Old Republic International by 9.6% during the first quarter. First Eagle Investment Management LLC now owns 419,685 shares of the insurance provider’s stock valued at $12,893,000 after acquiring an additional 36,700 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Old Republic International by 4.7% during the first quarter. Retirement Systems of Alabama now owns 655,137 shares of the insurance provider’s stock worth $20,126,000 after purchasing an additional 29,159 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in shares of Old Republic International in the fourth quarter worth $5,876,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Performance

NYSE ORI opened at $35.42 on Friday. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 13.78 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 Co. has a twelve month low of $26.08 and a twelve month high of $36.09. The stock has a fifty day simple moving average of $34.57 and a 200 day simple moving average of $31.93.

Old Republic International (NYSE:ORI) last issued its quarterly 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 company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.62 earnings per share. Sell-side analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

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