Amundi lowered its position in Old Republic International Co. (NYSE:ORI - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,332 shares of the insurance provider's stock after selling 135,702 shares during the quarter. Amundi owned approximately 0.11% of Old Republic International worth $9,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $67,054,000. Point72 Asset Management L.P. boosted its stake in shares of Old Republic International by 162.4% during 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 purchasing an additional 377,605 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Old Republic International during the third quarter valued at approximately $7,965,000. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $5,209,000. Finally, Franklin Resources Inc. boosted its stake in shares of Old Republic International by 39.6% during the third 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 period. Hedge funds and other institutional investors own 70.92% of the company's stock.
Old Republic International Trading Up 2.2 %
Shares of Old Republic International stock traded up $0.82 during midday trading on Friday, reaching $37.41. 1,046,793 shares of the company's stock traded hands, compared to its average volume of 1,253,255. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market cap of $9.28 billion, a PE ratio of 14.22 and a beta of 0.83. The stock has a 50 day moving average of $36.33 and a 200-day moving average of $36.23. 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 announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a $0.29 dividend. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. Old Republic International's dividend payout ratio is 44.11%.
Insiders Place Their Bets
In other news, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,039 shares of company stock worth $1,580,733. 0.78% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Separately, StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Check Out Our Latest Research Report on ORI
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.
Read More
Before you consider Old Republic International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Republic International wasn't on the list.
While Old Republic International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
