Bank of New York Mellon Corp Reduces Position in Old Republic International Co. (NYSE:ORI)

Bank of New York Mellon Corp cut its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,817,972 shares of the insurance provider's stock after selling 53,378 shares during the period. Bank of New York Mellon Corp owned about 1.11% of Old Republic International worth $101,982,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Systematic Financial Management LP grew its holdings in Old Republic International by 9.6% in the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider's stock valued at $31,268,000 after buying an additional 77,583 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after purchasing an additional 42,934 shares during the period. Boston Financial Mangement LLC increased its position in Old Republic International by 1.2% during the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider's stock worth $28,416,000 after purchasing an additional 9,011 shares during the last quarter. Point72 Asset Management L.P. raised its stake in 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 worth $21,612,000 after purchasing an additional 377,605 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Old Republic International by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 561,406 shares of the insurance provider's stock worth $19,885,000 after purchasing an additional 1,999 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock valued at $578,552 in the last three months. 1.00% of the stock is owned by corporate insiders.

Old Republic International Trading Up 1.0 %

NYSE ORI traded up $0.36 during trading hours on Wednesday, reaching $37.77. The company had a trading volume of 1,360,459 shares, compared to its average volume of 1,128,451. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The stock has a market capitalization of $9.58 billion, a P/E ratio of 14.36 and a beta of 0.88. The stock has a 50-day moving average of $36.20 and a 200 day moving average of $36.14. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate 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. Investors of record on Monday, March 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.07%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Wall Street Analysts Forecast Growth

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

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.