Northern Trust Corp Lowers Stock Position in Old Republic International Co. (NYSE:ORI)

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Northern Trust Corp lessened its holdings in Old Republic International Co. (NYSE:ORI) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,332,482 shares of the insurance provider’s stock after selling 18,668 shares during the quarter. Northern Trust Corp owned 0.77% of Old Republic International worth $52,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ORI. Pearl River Capital LLC purchased a new stake in shares of Old Republic International during the 2nd quarter worth approximately $37,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Old Republic International during the 2nd quarter worth approximately $45,000. Westside Investment Management Inc. purchased a new stake in shares of Old Republic International during the 2nd quarter worth approximately $51,000. Parallel Advisors LLC boosted its stake in shares of Old Republic International by 29.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 509 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Old Republic International by 99.5% during the 2nd quarter. Signaturefd LLC now owns 3,044 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 1,518 shares in the last quarter. 74.80% of the stock is currently owned by institutional investors.

Shares of Old Republic International stock traded down $0.08 during trading on Thursday, hitting $23.04. 31,335 shares of the company were exchanged, compared to its average volume of 1,440,505. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17. Old Republic International Co. has a fifty-two week low of $19.55 and a fifty-two week high of $23.82. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 12.41 and a beta of 0.78. The firm has a 50 day moving average price of $22.66 and a 200 day moving average price of $22.14.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Old Republic International had a return on equity of 10.21% and a net margin of 11.35%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts predict that Old Republic International Co. will post 1.85 earnings per share for the current year.

The business also recently disclosed a None dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, September 5th. Old Republic International’s dividend payout ratio is currently 43.01%.

Several research analysts recently issued reports on ORI shares. JMP Securities downgraded Old Republic International from an “outperform” rating to a “market perform” rating in a research report on Friday, July 12th. Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

In related news, CFO Karl W. Mueller sold 20,760 shares of Old Republic International stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $23.25, for a total transaction of $482,670.00. Following the completion of the transaction, the chief financial officer now directly owns 52,539 shares in the company, valued at approximately $1,221,531.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles S. Boone sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $22.84, for a total value of $354,020.00. Following the completion of the transaction, the vice president now owns 23,250 shares of the company’s stock, valued at $531,030. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 600 shares of company stock valued at $13,484 and have sold 39,510 shares valued at $910,953. Insiders own 1.90% of the company’s stock.

Old Republic International Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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