Boston Financial Mangement LLC Boosts Position in Old Republic International Co. (NYSE:ORI)

Boston Financial Mangement LLC increased its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 785,190 shares of the insurance provider's stock after purchasing an additional 9,011 shares during the period. Boston Financial Mangement LLC owned 0.31% of Old Republic International worth $28,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORI. Allworth Financial LP boosted its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International during the third quarter valued at approximately $28,000. Core Alternative Capital purchased a new position in Old Republic International in the 4th quarter worth approximately $36,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International in the 4th quarter worth $39,000. Finally, Crews Bank & Trust purchased a new stake in shares of Old Republic International during the 4th quarter valued at $40,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Old Republic International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 1st.

Old Republic International Price Performance

Shares of Old Republic International stock traded up $0.09 during trading on Friday, hitting $36.51. 1,198,830 shares of the stock traded hands, compared to its average volume of 1,104,686. The firm's fifty day moving average is $35.99 and its 200-day moving average is $35.90. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.88 and a beta of 0.88. Old Republic International Co. has a 52 week low of $28.20 and a 52 week high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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%. Research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio is presently 40.30%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International 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 directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction 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 represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.