Janney Montgomery Scott LLC Grows Holdings in Old Republic International Co. (ORI)

Janney Montgomery Scott LLC grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,244 shares of the insurance provider’s stock after buying an additional 3,060 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $1,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Old Republic International by 1.1% during the second quarter. Vanguard Group Inc. now owns 21,094,198 shares of the insurance provider’s stock worth $411,970,000 after buying an additional 233,650 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Old Republic International by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,034,650 shares of the insurance provider’s stock valued at $137,392,000 after purchasing an additional 64,292 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Old Republic International by 13.6% in the second quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock valued at $133,300,000 after purchasing an additional 815,600 shares during the period. Prudential Financial Inc. boosted its stake in shares of Old Republic International by 6.2% in the third quarter. Prudential Financial Inc. now owns 2,460,286 shares of the insurance provider’s stock valued at $48,443,000 after purchasing an additional 143,040 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Old Republic International by 2.5% in the second quarter. M&T Bank Corp now owns 1,698,125 shares of the insurance provider’s stock valued at $33,166,000 after purchasing an additional 41,316 shares during the period. Institutional investors own 70.64% of the company’s stock.

Several brokerages have recently weighed in on ORI. Zacks Investment Research downgraded shares of Old Republic International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

In related news, COO R Scott Rager sold 47,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total value of $997,500.00. Following the sale, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at $840,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Karl W. Mueller sold 19,052 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total transaction of $400,092.00. Following the completion of the sale, the chief financial officer now directly owns 5,331 shares in the company, valued at $111,951. The disclosure for this sale can be found here. Insiders sold 81,552 shares of company stock worth $1,711,992 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Shares of Old Republic International Co. (NYSE:ORI) opened at $20.83 on Wednesday. The stock has a market cap of $5,500.37, a price-to-earnings ratio of 17.09 and a beta of 1.36. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.32. Old Republic International Co. has a twelve month low of $17.92 and a twelve month high of $21.19.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. equities analysts predict that Old Republic International Co. will post 1.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.76 annualized dividend and a yield of 3.65%. Old Republic International’s dividend payout ratio is presently 55.47%.

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Old Republic International Company Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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