Systematic Financial Management LP Sells 46,213 Shares of Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP reduced its position in Old Republic International Co. (NYSE:ORI) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 805,199 shares of the insurance provider’s stock after selling 46,213 shares during the quarter. Systematic Financial Management LP’s holdings in Old Republic International were worth $24,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORI. Versant Capital Management Inc increased its stake in shares of Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. boosted its stake in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares in the last quarter. Innealta Capital LLC bought a new position in Old Republic International in the second quarter valued at about $30,000. Quarry LP acquired a new position in Old Republic International during the fourth quarter worth about $39,000. Finally, Trust Co. of Vermont lifted its holdings in shares of 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 acquiring an additional 1,154 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $35.38 on Friday. The firm has a 50 day simple moving average of $34.63 and a 200 day simple moving average of $31.97. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 13.77 and a beta of 0.84. Old Republic International Co. has a one year low of $26.08 and a one year high of $36.09. 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 (NYSE:ORI) last released 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 company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $0.62 EPS. Research analysts predict that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

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