Assetmark Inc. increased its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,237 shares of the insurance provider's stock after purchasing an additional 6,923 shares during the quarter. Assetmark Inc.'s holdings in Old Republic International were worth $4,134,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the third quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International in the fourth quarter worth about $34,000. Core Alternative Capital bought a new position in shares of Old Republic International in the fourth quarter worth about $36,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International in the fourth quarter worth about $39,000. Finally, Crews Bank & Trust bought a new position in shares of Old Republic International in the fourth quarter worth about $40,000. Institutional investors own 70.92% of the company's stock.
Old Republic International Trading Down 1.3 %
NYSE ORI traded down $0.49 during trading hours on Friday, reaching $37.28. The company's stock had a trading volume of 1,061,002 shares, compared to its average volume of 1,138,966. The firm has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $36.18. The stock has a market cap of $9.25 billion, a P/E ratio of 14.17 and a beta of 0.83. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. 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 (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, beating 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%. Equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.
Old Republic International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is currently 44.11%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Analysis on Old Republic International
Insider Buying and Selling at Old Republic International
In other news, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,582 shares of company stock valued at $578,552. 1.00% of the stock is currently owned by company insiders.
About Old Republic International
(
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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