Janney Montgomery Scott LLC Sells 1,880 Shares of Old Republic International Co. (NYSE:ORI)

Janney Montgomery Scott LLC cut its holdings in Old Republic International Co. (NYSE:ORIGet Rating) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,987 shares of the insurance provider’s stock after selling 1,880 shares during the period. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $2,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ORI. American Century Companies Inc. boosted its holdings in Old Republic International by 58.9% in the 1st quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider’s stock worth $1,471,000 after buying an additional 21,064 shares during the period. HighTower Advisors LLC boosted its holdings in Old Republic International by 31.1% in the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider’s stock valued at $448,000 after purchasing an additional 4,088 shares during the period. Natixis Advisors L.P. boosted its holdings in Old Republic International by 21.5% in the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider’s stock valued at $573,000 after purchasing an additional 3,918 shares during the period. D.A. Davidson & CO. bought a new position in Old Republic International in the 1st quarter valued at $296,000. Finally, Panagora Asset Management Inc. boosted its holdings in Old Republic International by 2.3% in the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 484 shares during the period. 70.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Wednesday.

Old Republic International Stock Performance

Old Republic International stock opened at $24.40 on Friday. The firm’s fifty day moving average price is $24.02 and its 200-day moving average price is $23.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $7.43 billion, a P/E ratio of 9.31 and a beta of 0.80. Old Republic International Co. has a fifty-two week low of $20.27 and a fifty-two week high of $27.19.

Old Republic International (NYSE:ORIGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The insurance provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Old Republic International had a net margin of 9.48% and a return on equity of 13.63%. On average, equities research analysts expect that Old Republic International Co. will post 2.5 earnings per share for the current fiscal year.

Old Republic International Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Monday, December 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, December 2nd. Old Republic International’s payout ratio is presently 35.11%.

Old Republic International Company Profile

(Get Rating)

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, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

Further Reading

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.