KLP Kapitalforvaltning AS Takes Position in Old Republic International Co. (NYSE:ORI)

KLP Kapitalforvaltning AS acquired a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 72,100 shares of the insurance provider's stock, valued at approximately $2,609,000.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock worth $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. lifted its stake 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 last quarter. Nisa Investment Advisors LLC boosted its position in shares of Old Republic International by 37.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after buying an additional 19,400 shares during the period. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter worth approximately $5,209,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock worth $30,160,000 after acquiring an additional 42,934 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Old Republic International Stock Down 0.2 %

Shares of Old Republic International stock traded down $0.07 during trading on Friday, reaching $38.98. The company's stock had a trading volume of 1,521,603 shares, compared to its average volume of 1,280,684. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.31. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 14.82 and a beta of 0.83. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $36.44.

Remove Ads

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results 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 net margin of 10.36% and a return on equity of 20.32%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.29 dividend. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 2.98%. Old Republic International's payout ratio is presently 44.11%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction that occurred on 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 approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% 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.