Mutual of America Capital Management LLC Reduces Holdings in Old Republic International Co. (NYSE:ORI)

Mutual of America Capital Management LLC lessened its holdings in shares of Old Republic International Co. (NYSE:ORI) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,743 shares of the insurance provider’s stock after selling 10,623 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Old Republic International were worth $4,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ORI. Vanguard Group Inc. lifted its position in Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock valued at $864,972,000 after purchasing an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after buying an additional 532,251 shares during the period. Norges Bank purchased a new position in shares of Old Republic International during the 4th quarter valued at about $89,446,000. LSV Asset Management grew its stake in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares during the period. Finally, Raymond James & Associates increased its holdings in Old Republic International by 1.8% in the 2nd quarter. Raymond James & Associates now owns 1,047,289 shares of the insurance provider’s stock worth $32,361,000 after acquiring an additional 18,825 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

NYSE ORI opened at $35.32 on Friday. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 13.74 and a beta of 0.84. Old Republic International Co. has a 12 month low of $26.08 and a 12 month high of $36.09. The company’s 50 day moving average is $34.30 and its two-hundred day moving average is $31.78. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International (NYSE:ORI) last released its earnings results 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 net margin of 8.59% and a return on equity of 12.57%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $0.62 EPS. 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 firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.06 per share. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio is currently 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.