A&I Financial Services LLC bought a new position in Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 13,735 shares of the insurance provider's stock, valued at approximately $497,000.
Other hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its stake in shares of Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock valued at $21,612,000 after buying an additional 377,605 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Old Republic International in the 3rd quarter worth about $7,965,000. Orca Wealth Management LLC bought a new position in Old Republic International in the 4th quarter valued at about $5,209,000. Franklin Resources Inc. boosted its stake in Old Republic International by 39.6% during the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider's stock valued at $16,209,000 after purchasing an additional 128,896 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Old Republic International during the 4th quarter worth approximately $3,573,000. Institutional investors and hedge funds own 70.92% of the company's stock.
Old Republic International Stock Up 0.4 %
Shares of NYSE ORI traded up $0.15 during trading on Monday, hitting $38.66. The stock had a trading volume of 1,411,398 shares, compared to its average volume of 1,114,288. The firm has a fifty day moving average of $36.10 and a two-hundred day moving average of $36.08. The company has a market capitalization of $9.80 billion, a PE ratio of 14.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27.
Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a dividend of $0.29 per share. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is 44.11%.
Analyst Ratings Changes
Separately, StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Stock Report on ORI
Insiders Place Their Bets
In other news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Old Republic International Profile
(
Free Report)
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.
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