Victory Capital Management Inc. Has $46,000 Stake in Old Republic International Co. (NYSE:ORI)

Share on StockTwits

Victory Capital Management Inc. decreased its stake in Old Republic International Co. (NYSE:ORI) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,047 shares of the insurance provider’s stock after selling 7,722 shares during the quarter. Victory Capital Management Inc.’s holdings in Old Republic International were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORI. Pearl River Capital LLC acquired a new stake in Old Republic International in the 2nd quarter valued at $37,000. Hillsdale Investment Management Inc. bought a new position in Old Republic International in the 2nd quarter valued at $45,000. Westside Investment Management Inc. bought a new position in Old Republic International in the 2nd quarter valued at $51,000. Parallel Advisors LLC raised its position in Old Republic International by 29.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 509 shares during the last quarter. Finally, QCI Asset Management Inc. NY bought a new position in Old Republic International in the 2nd quarter valued at $56,000. 74.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of ORI opened at $23.40 on Friday. The stock has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $22.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.48 and a current ratio of 0.48. Old Republic International Co. has a 52-week low of $19.55 and a 52-week high of $23.82. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 12.35 and a beta of 0.77.

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

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

In other news, VP Charles S. Boone sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $22.84, for a total transaction of $354,020.00. Following the completion of the sale, the vice president now owns 23,250 shares in the company, valued at $531,030. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Karl W. Mueller sold 20,760 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $23.25, for a total value of $482,670.00. Following the sale, the chief financial officer now owns 52,539 shares of the company’s stock, valued at approximately $1,221,531.75. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 600 shares of company stock valued at $13,516 and have sold 39,510 shares valued at $910,953. Insiders own 1.90% of the company’s stock.

Several equities analysts have 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. Finally, ValuEngine downgraded Old Republic International from a “hold” rating to a “sell” rating in a research report on Friday.

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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

Featured Article: What is the Rule of 72?

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Co. (NYSE:ORI).

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

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.