Old Republic International Co. (ORI) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of Old Republic International Co. (NYSE:ORI) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,960 shares of the insurance provider’s stock after purchasing an additional 2,275 shares during the period. Cetera Investment Advisers’ holdings in Old Republic International were worth $652,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in Old Republic International in the fourth quarter worth about $29,000. Clarfeld Financial Advisors LLC bought a new position in Old Republic International in the fourth quarter worth about $33,000. Pearl River Capital LLC bought a new position in Old Republic International in the fourth quarter worth about $33,000. Omnia Family Wealth LLC bought a new position in Old Republic International in the fourth quarter worth about $34,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Old Republic International in the first quarter worth about $43,000. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on ORI shares. Zacks Investment Research upgraded shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, April 25th. TheStreet upgraded shares of Old Republic International from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th.

Shares of NYSE:ORI opened at $21.95 on Wednesday. Old Republic International Co. has a 52 week low of $19.55 and a 52 week high of $23.05. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.80 and a beta of 0.92. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Old Republic International had a net margin of 11.87% and a return on equity of 10.66%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.44 earnings per share. Old Republic International’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that Old Republic International Co. will post 1.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.80 annualized dividend and a dividend yield of 3.64%. Old Republic International’s payout ratio is currently 43.01%.

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Old Republic International Company Profile

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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