Burney Co. Reduces Holdings in Old Republic International Co. (NYSE:ORI)

Burney Co. reduced its stake in Old Republic International Co. (NYSE:ORI) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,214 shares of the insurance provider’s stock after selling 1,383 shares during the quarter. Burney Co.’s holdings in Old Republic International were worth $3,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after buying an additional 362 shares during the period. EP Wealth Advisors LLC lifted its position in Old Republic International by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock worth $238,000 after acquiring an additional 387 shares during the period. Moloney Securities Asset Management LLC grew its stake in Old Republic International by 3.3% during the 1st quarter. Moloney Securities Asset Management LLC now owns 14,216 shares of the insurance provider’s stock valued at $437,000 after purchasing an additional 452 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Old Republic International by 5.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 465 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Old Republic International by 2.2% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 22,568 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 481 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,049,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI traded up $0.20 during trading hours on Thursday, reaching $35.57. The stock had a trading volume of 404,838 shares, compared to its average volume of 1,507,990. Old Republic International Co. has a 52-week low of $26.08 and a 52-week high of $35.74. 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 stock has a market cap of $9.67 billion, a P/E ratio of 13.75 and a beta of 0.83. The stock has a fifty day moving average of $32.69 and a 200 day moving average of $31.00.

Old Republic International (NYSE:ORI) last released 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. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same quarter last year, the business posted $0.62 EPS. Sell-side analysts predict that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

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 dividend of $1.06 per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 3.05%. 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.