Charles Schwab Investment Management Inc. Decreases Position in Old Republic International Co. (NYSE:ORI)

Charles Schwab Investment Management Inc. lowered its position in 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 1,691,180 shares of the insurance provider's stock after selling 20,717 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of Old Republic International worth $61,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the 3rd quarter worth $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Old Republic International during the 4th quarter worth $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International during the 4th quarter worth $36,000. Synergy Asset Management LLC purchased a new position in shares of Old Republic International during the 4th quarter worth $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

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

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Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. 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 sold a total of 43,039 shares of company stock valued at $1,580,733 in the last three months. 0.78% of the stock is owned by corporate insiders.

Old Republic International Trading Up 2.2 %

Shares of NYSE:ORI traded up $0.82 during midday trading on Friday, reaching $37.41. 1,046,793 shares of the company's stock were exchanged, compared to its average volume of 1,241,097. The firm's 50 day simple moving average is $36.33 and its two-hundred day simple moving average is $36.24. 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 stock has a market cap of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27.

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, topping 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, 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

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.