Systematic Financial Management LP Lowers Holdings in Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP cut its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 805,199 shares of the insurance provider's stock after selling 46,213 shares during the period. Systematic Financial Management LP owned approximately 0.30% of Old Republic International worth $24,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock valued at $27,000 after buying an additional 750 shares during the period. Mather Group LLC. lifted its stake in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 597 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Old Republic International during the 2nd quarter worth $30,000. Quarry LP acquired a new stake in shares of Old Republic International during the 4th quarter worth about $39,000. Finally, Trust Co. of Vermont raised its holdings in Old Republic International by 138.4% in the 4th quarter. Trust Co. of Vermont now owns 1,988 shares of the insurance provider's stock valued at $58,000 after buying an additional 1,154 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Trading Down 0.1 %

NYSE ORI traded down $0.05 during trading hours on Friday, reaching $35.38. The company had a trading volume of 796,172 shares, compared to its average volume of 1,371,809. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $9.15 billion, a P/E ratio of 13.77 and a beta of 0.84. The stock has a 50-day moving average of $34.63 and a 200 day moving average of $31.99. Old Republic International Co. has a 1-year low of $26.08 and a 1-year high of $36.09.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $0.62 EPS. As a group, research analysts anticipate that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

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. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. 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.