Natixis reduced its stake in Old Republic International Co. (NYSE:ORI) by 47.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,913 shares of the insurance provider’s stock after selling 159,747 shares during the quarter. Natixis owned approximately 0.06% of Old Republic International worth $3,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. BlackRock Inc. increased its position in shares of Old Republic International by 3.1% during the 1st quarter. BlackRock Inc. now owns 32,854,067 shares of the insurance provider’s stock valued at $687,308,000 after purchasing an additional 998,205 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Old Republic International by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,153,365 shares of the insurance provider’s stock valued at $92,953,000 after purchasing an additional 42,724 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Old Republic International by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,713,077 shares of the insurance provider’s stock valued at $76,377,000 after purchasing an additional 258,303 shares during the last quarter. Raymond James & Associates increased its position in shares of Old Republic International by 2.1% during the 1st quarter. Raymond James & Associates now owns 2,778,758 shares of the insurance provider’s stock valued at $58,132,000 after purchasing an additional 58,190 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Old Republic International by 5.3% during the 2nd quarter. Prudential Financial Inc. now owns 2,456,006 shares of the insurance provider’s stock valued at $54,966,000 after purchasing an additional 124,277 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.

In related news, VP Cheryl A. Jones sold 3,250 shares of Old Republic International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $22.85, for a total value of $74,262.50. Following the completion of the sale, the vice president now owns 10,738 shares of the company’s stock, valued at approximately $245,363.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Karl W. Mueller sold 20,760 shares of Old Republic International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $23.25, for a total value of $482,670.00. Following the completion of the sale, the chief financial officer now directly owns 52,539 shares of the company’s stock, valued at approximately $1,221,531.75. The disclosure for this sale can be found here. In the last three months, insiders purchased 600 shares of company stock valued at $13,484 and sold 39,510 shares valued at $910,953. Company insiders own 1.90% of the company’s stock.

Several equities research analysts have recently issued reports on ORI shares. JMP Securities lowered Old Republic International from an “outperform” rating to a “market perform” rating in a research report on Friday, July 12th. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

ORI traded down $0.03 during trading hours on Friday, hitting $22.78. The stock had a trading volume of 497,838 shares, compared to its average volume of 1,504,138. The company’s fifty day simple moving average is $22.68 and its 200 day simple moving average is $22.09. Old Republic International Co. has a 1 year low of $19.55 and a 1 year high of $23.82. The stock has a market cap of $6.92 billion, a PE ratio of 12.24 and a beta of 0.78. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Old Republic International had a return on equity of 10.21% and a net margin of 11.35%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Old Republic International Co. will post 1.85 EPS for the current year.

The company also recently disclosed a None dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be issued a $1.20 dividend. The ex-dividend date is Thursday, September 5th. Old Republic International’s dividend payout ratio (DPR) is currently 43.01%.

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

Recommended Story: What are economic reports?

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.