Amundi Trims Stock Position in Old Republic International Co. (NYSE:ORI)

Amundi cut its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,332 shares of the insurance provider's stock after selling 135,702 shares during the period. Amundi owned approximately 0.11% of Old Republic International worth $9,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International during the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International during the fourth quarter worth $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the fourth quarter valued at $36,000. Synergy Asset Management LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International during the 4th quarter worth $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

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Old Republic International Trading Up 2.2 %

NYSE ORI traded up $0.82 on Friday, reaching $37.41. The stock had a trading volume of 1,046,793 shares, compared to its average volume of 1,241,097. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $36.33 and a two-hundred day moving average price of $36.24. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.29 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's payout ratio is 44.11%.

Insider Buying and Selling

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company's stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 in the last ninety days. Company insiders own 0.78% of the company's stock.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.