Moors & Cabot Inc. Buys Shares of 10,313 Old Republic International Co. (ORI)

Moors & Cabot Inc. bought a new position in Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,313 shares of the insurance provider’s stock, valued at approximately $206,000.

Several other hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC bought a new position in Old Republic International in the 3rd quarter valued at approximately $118,000. Ffcm LLC raised its holdings in Old Republic International by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after buying an additional 3,900 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Old Republic International by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,999 shares of the insurance provider’s stock valued at $155,000 after buying an additional 3,513 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new position in Old Republic International in the 2nd quarter valued at approximately $174,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Old Republic International by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock valued at $189,000 after buying an additional 710 shares during the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on ORI shares. Zacks Investment Research upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $25.00 in a report on Monday, October 30th.

Shares of Old Republic International Co. (NYSE ORI) traded up $0.22 during midday trading on Friday, reaching $20.75. 3,182,324 shares of the company were exchanged, compared to its average volume of 1,354,917. The company has a market cap of $5,474.00, a price-to-earnings ratio of 17.01 and a beta of 1.36. Old Republic International Co. has a 1-year low of $17.92 and a 1-year high of $21.19. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.37 EPS. analysts predict that Old Republic International Co. will post 1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, December 4th. Old Republic International’s dividend payout ratio is presently 55.47%.

In other Old Republic International news, VP Charles S. Boone sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the sale, the vice president now owns 22,750 shares of the company’s stock, valued at approximately $476,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO R Scott Rager sold 47,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total transaction of $997,500.00. Following the sale, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at approximately $840,000. The disclosure for this sale can be found here. Insiders have sold a total of 81,552 shares of company stock valued at $1,711,992 in the last three months. Insiders own 2.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/12/17/moors-cabot-inc-buys-shares-of-10313-old-republic-international-co-ori.html.

About Old Republic International

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.

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

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply