Old Republic International Co. (NYSE:ORI) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Old Republic International Co. (NYSE:ORI) by 725.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,185 shares of the insurance provider’s stock after purchasing an additional 73,985 shares during the quarter. Renaissance Technologies LLC’s holdings in Old Republic International were worth $2,601,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of Old Republic International by 1.8% in the fourth quarter. Allianz Asset Management GmbH now owns 335,855 shares of the insurance provider’s stock valued at $9,874,000 after buying an additional 6,074 shares in the last quarter. Bank of Nova Scotia purchased a new position in Old Republic International during the 4th quarter valued at about $400,000. Eagle Asset Management Inc. acquired a new position in Old Republic International in the 4th quarter valued at about $5,876,000. Campbell & CO Investment Adviser LLC purchased a new stake in Old Republic International during the fourth quarter worth about $980,000. Finally, CIBC Private Wealth Group LLC increased its stake in Old Republic International by 6.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 98,738 shares of the insurance provider’s stock worth $2,903,000 after purchasing an additional 5,666 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Trading Up 0.1 %

NYSE ORI opened at $35.47 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 13.80 and a beta of 0.84. The firm has a 50 day simple moving average of $34.70 and a 200-day simple moving average of $32.06. Old Republic International Co. has a one year low of $26.08 and a one year high of $36.09.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating 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 company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company posted $0.62 EPS. Equities research analysts anticipate that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

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