Brandes Investment Partners LP Lowers Position in Old Republic International Co. (NYSE:ORI)

Brandes Investment Partners LP trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 97.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,329 shares of the insurance provider's stock after selling 965,411 shares during the quarter. Brandes Investment Partners LP's holdings in Old Republic International were worth $721,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ORI. Versant Capital Management Inc increased its stake 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 worth $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. increased its position in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after buying an additional 597 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Old Republic International in the second quarter valued at $30,000. Quarry LP purchased a new position in shares of Old Republic International during the 4th quarter valued at $39,000. Finally, Trust Co. of Vermont grew its stake in shares of Old Republic International by 138.4% during the 4th 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 period. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Performance

ORI traded up $0.05 during trading hours on Tuesday, hitting $35.47. The stock had a trading volume of 678,826 shares, compared to its average volume of 1,493,885. The stock has a market cap of $9.64 billion, a PE ratio of 13.80 and a beta of 0.84. Old Republic International Co. has a 1 year low of $26.08 and a 1 year high of $36.09. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The company's fifty day simple moving average is $34.70 and its 200 day simple moving average is $32.06.

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

Old Republic International Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were issued a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date was Friday, September 6th. 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.