AssuredPartners Investment Advisors LLC Invests $1.48 Million in Old Republic International Co. (NYSE:ORI)

AssuredPartners Investment Advisors LLC bought a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 40,821 shares of the insurance provider's stock, valued at approximately $1,477,000.

Other large investors have also modified their holdings of the company. Parallel Advisors LLC lifted its holdings in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after buying an additional 290 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Old Republic International by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after acquiring an additional 295 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock worth $850,000 after purchasing an additional 301 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares during the period. Finally, Berry Wealth Group LP increased its stake in Old Republic International by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

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Old Republic International Stock Performance

Shares of ORI stock traded up $0.27 during trading hours on Monday, reaching $39.22. The stock had a trading volume of 277,236 shares, compared to its average volume of 1,203,230. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm has a 50-day simple moving average of $37.04 and a 200-day simple moving average of $36.44. The firm has a market capitalization of $9.73 billion, a PE ratio of 14.91 and a beta of 0.83. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.55.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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 forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a dividend of $0.29 per share. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is currently 44.11%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International 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 in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by corporate insiders.

About Old Republic International

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.