First Eagle Investment Management LLC Acquires 17,600 Shares of Old Republic International Co. (NYSE:ORI)

First Eagle Investment Management LLC increased its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 467,785 shares of the insurance provider's stock after acquiring an additional 17,600 shares during the period. First Eagle Investment Management LLC owned about 0.18% of Old Republic International worth $16,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its holdings in Old Republic International by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after purchasing an additional 295 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after buying an additional 302 shares in the last quarter. Berry Wealth Group LP grew its position in Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after acquiring an additional 310 shares during the period. SPC Financial Inc. lifted its holdings in shares of Old Republic International by 1.8% during the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider's stock valued at $652,000 after acquiring an additional 312 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider's stock valued at $2,965,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 70.92% of the company's stock.

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Analyst Ratings Changes

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

Old Republic International Price Performance

Shares of ORI traded up $0.82 on Friday, hitting $37.41. The company's stock had a trading volume of 1,046,793 shares, compared to its average volume of 1,241,097. The company has a market capitalization of $9.28 billion, a PE 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. The company has a 50 day moving average price of $36.33 and a 200 day moving average price of $36.23. 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 announced its 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 return on equity of 20.32% and a net margin of 10.36%. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. This is a positive change 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 presently 44.11%.

Insider Activity

In other news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction 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. The trade was a 37.10 % decrease in their position. 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 stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 34,679 shares in the company, 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. In the last ninety days, insiders sold 43,039 shares of company stock valued at $1,580,733. Company insiders own 0.78% of the company's stock.

Old Republic International 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.