United Services Automobile Association Increases Holdings in Old Republic International Co. (NYSE:ORI)

United Services Automobile Association increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,530 shares of the insurance provider’s stock after acquiring an additional 543 shares during the quarter. United Services Automobile Association’s holdings in Old Republic International were worth $603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. Charles Schwab Investment Management Inc. increased its stake in Old Republic International by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider’s stock worth $53,423,000 after acquiring an additional 32,917 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Old Republic International by 18.9% during the fourth quarter. BNP Paribas Financial Markets now owns 29,717 shares of the insurance provider’s stock worth $874,000 after acquiring an additional 4,716 shares during the last quarter. AGF Management Ltd. acquired a new stake in Old Republic International during the fourth quarter worth $2,854,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Old Republic International by 10,794.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,708 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 14,573 shares during the last quarter. Finally, Navellier & Associates Inc. increased its stake in Old Republic International by 16.8% during the fourth quarter. Navellier & Associates Inc. now owns 20,441 shares of the insurance provider’s stock worth $601,000 after acquiring an additional 2,934 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $34.92 on Wednesday. The business has a fifty day moving average of $33.46 and a two-hundred day moving average of $31.41. 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 stock has a market cap of $9.03 billion, a price-to-earnings ratio of 13.59 and a beta of 0.84. Old Republic International Co. has a 52-week low of $26.08 and a 52-week high of $36.09.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, research 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 disclosed an annual dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a $1.06 dividend. The ex-dividend date is Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s payout ratio is presently 41.25%.

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