Metropolitan Life Insurance Co. NY Has $1.50 Million Holdings in Old Republic International (ORI)

Metropolitan Life Insurance Co. NY decreased its position in Old Republic International (NYSE:ORI) by 69.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,236 shares of the insurance provider’s stock after selling 160,434 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Old Republic International were worth $1,502,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in shares of Old Republic International in the fourth quarter valued at about $310,000. APG Asset Management N.V. increased its position in shares of Old Republic International by 299.3% in the fourth quarter. APG Asset Management N.V. now owns 1,050,986 shares of the insurance provider’s stock valued at $18,713,000 after acquiring an additional 787,786 shares during the period. New York State Common Retirement Fund increased its position in shares of Old Republic International by 1.5% in the third quarter. New York State Common Retirement Fund now owns 532,900 shares of the insurance provider’s stock valued at $10,493,000 after acquiring an additional 7,800 shares during the period. Brandes Investment Partners LP increased its position in shares of Old Republic International by 7.9% in the fourth quarter. Brandes Investment Partners LP now owns 475,306 shares of the insurance provider’s stock valued at $10,162,000 after acquiring an additional 34,760 shares during the period. Finally, Capital Returns Management LLC increased its position in shares of Old Republic International by 37.1% in the third quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock valued at $25,821,000 after acquiring an additional 354,975 shares during the period. Hedge funds and other institutional investors own 73.45% of the company’s stock.

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In related news, Director Glenn W. Reed purchased 5,000 shares of Old Republic International stock in a transaction that occurred on Thursday, February 15th. The shares were bought at an average price of $20.43 per share, for a total transaction of $102,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Shares of NYSE ORI opened at $21.45 on Friday. Old Republic International has a 1 year low of $17.92 and a 1 year high of $22.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $5,777.50, a P/E ratio of 19.32 and a beta of 1.36.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. Old Republic International’s quarterly revenue was up 2.5% on a year-over-year basis. equities analysts predict that Old Republic International will post 1.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.78 annualized dividend and a dividend yield of 3.64%. This is a boost from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s payout ratio is currently 70.27%.

A number of research firms have issued reports on ORI. Zacks Investment Research upgraded shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, December 28th. ValuEngine upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, JMP Securities upgraded shares of Old Republic International from a “market perform” rating to an “outperform” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.00.

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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.

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

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