Old Republic International Co. (NYSE:ORI) Stake Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,170 shares of the insurance provider's stock after selling 7,265 shares during the quarter. Los Angeles Capital Management LLC's holdings in Old Republic International were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. acquired a new stake in Old Republic International in the 3rd quarter valued at $246,000. Robeco Institutional Asset Management B.V. boosted its holdings in Old Republic International by 8.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 229,932 shares of the insurance provider's stock worth $8,144,000 after acquiring an additional 18,397 shares during the period. QRG Capital Management Inc. grew its position in Old Republic International by 28.2% in the third quarter. QRG Capital Management Inc. now owns 13,576 shares of the insurance provider's stock valued at $481,000 after acquiring an additional 2,989 shares in the last quarter. Foster & Motley Inc. raised its stake in shares of Old Republic International by 27.4% during the third quarter. Foster & Motley Inc. now owns 19,025 shares of the insurance provider's stock valued at $674,000 after purchasing an additional 4,096 shares during the period. Finally, Woodmont Investment Counsel LLC lifted its position in shares of Old Republic International by 2.9% during the third quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider's stock worth $4,478,000 after purchasing an additional 3,533 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

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Insider Transactions at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,582 shares of company stock worth $578,552. 1.00% of the stock is currently owned by company insiders.

Old Republic International Stock Down 0.3 %

Shares of Old Republic International stock traded down $0.13 on Friday, hitting $37.63. 373,534 shares of the company's stock traded hands, compared to its average volume of 1,122,950. The stock has a market cap of $9.54 billion, a P/E ratio of 14.30 and a beta of 0.88. The firm's 50-day moving average is $36.22 and its 200 day moving average is $36.15. 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 Co. has a 52-week low of $28.59 and a 52-week high of $39.27.

Old Republic International (NYSE:ORI - Get Free Report) last issued 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%. Equities analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.29 dividend. This is an increase from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International's payout ratio is presently 44.11%.

Analyst Ratings Changes

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

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.