Nachman Norwood & Parrott Inc cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,690 shares of the insurance provider’s stock after selling 1,000 shares during the quarter. Nachman Norwood & Parrott Inc’s holdings in Old Republic International were worth $1,996,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Old Republic International by 29.1% during the second quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock worth $51,000 after buying an additional 509 shares in the last quarter. Cerebellum GP LLC grew its position in shares of Old Republic International by 120.3% during the first quarter. Cerebellum GP LLC now owns 13,178 shares of the insurance provider’s stock worth $276,000 after buying an additional 7,197 shares in the last quarter. Swiss National Bank grew its position in shares of Old Republic International by 2.1% during the second quarter. Swiss National Bank now owns 535,100 shares of the insurance provider’s stock worth $11,976,000 after buying an additional 11,100 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Old Republic International by 24.9% during the second quarter. TD Asset Management Inc. now owns 106,006 shares of the insurance provider’s stock worth $2,372,000 after buying an additional 21,151 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Old Republic International during the second quarter worth about $4,494,000. 74.80% of the stock is owned by institutional investors and hedge funds.

ORI traded down $0.01 on Wednesday, reaching $22.98. The company’s stock had a trading volume of 56,110 shares, compared to its average volume of 1,482,723. The stock has a 50 day moving average of $22.97 and a two-hundred day moving average of $22.38. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 12.35 and a beta of 0.77. Old Republic International Co. has a fifty-two week low of $19.55 and a fifty-two week high of $23.82.

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

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

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

In related news, VP Cheryl A. Jones sold 3,250 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 10,738 shares of the company’s stock, valued at $245,363.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karl W. Mueller sold 20,760 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $23.25, for a total value of $482,670.00. Following the completion of the transaction, the chief financial officer now directly owns 52,539 shares of the company’s stock, valued at $1,221,531.75. The disclosure for this sale can be found here. Insiders sold 39,510 shares of company stock valued at $910,953 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.

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

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