Shelton Capital Management Continues to Hold Position in Old Republic International Corporation (ORI)

Shelton Capital Management held its stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,477 shares of the insurance provider’s stock at the end of the second quarter. Shelton Capital Management’s holdings in Old Republic International Corporation were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in shares of Old Republic International Corporation by 3.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the insurance provider’s stock valued at $1,248,000 after acquiring an additional 2,200 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Old Republic International Corporation by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 1,180,229 shares of the insurance provider’s stock valued at $23,051,000 after acquiring an additional 58,636 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Old Republic International Corporation by 8.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 123,278 shares of the insurance provider’s stock valued at $2,408,000 after acquiring an additional 9,187 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Old Republic International Corporation by 30.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 61,400 shares of the insurance provider’s stock valued at $1,199,000 after acquiring an additional 14,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Old Republic International Corporation by 5.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 124,613 shares of the insurance provider’s stock valued at $2,552,000 after acquiring an additional 6,040 shares during the last quarter. 71.22% of the stock is currently owned by institutional investors.

Shares of Old Republic International Corporation (NYSE ORI) opened at 19.66 on Friday. Old Republic International Corporation has a one year low of $16.51 and a one year high of $21.19. The company has a market capitalization of $5.14 billion, a P/E ratio of 12.39 and a beta of 1.30. The stock has a 50 day moving average price of $19.40 and a 200-day moving average price of $19.68.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Old Republic International Corporation had a return on equity of 9.41% and a net margin of 7.64%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $0.35 EPS. Old Republic International Corporation’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.87%. Old Republic International Corporation’s dividend payout ratio is currently 47.80%.

A number of equities research analysts have recently weighed in on ORI shares. Zacks Investment Research upgraded Old Republic International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub downgraded Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.

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About Old Republic International Corporation

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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

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