Miller Financial Services LLC Invests $545,000 in Old Republic International Co. (NYSE:ORI)

Miller Financial Services LLC acquired a new position in Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,054 shares of the insurance provider's stock, valued at approximately $545,000.

A number of other institutional investors also recently bought and sold shares of ORI. QRG Capital Management Inc. raised its stake in shares of 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 worth $481,000 after buying an additional 2,989 shares during the period. Assetmark Inc. increased its holdings in Old Republic International by 6.2% in the 3rd quarter. Assetmark Inc. now owns 107,314 shares of the insurance provider's stock worth $3,801,000 after acquiring an additional 6,231 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Old Republic International during the 3rd quarter valued at $524,000. Versor Investments LP bought a new stake in shares of Old Republic International during the 3rd quarter valued at $2,384,000. Finally, First Heartland Consultants Inc. lifted its stake in shares of Old Republic International by 12.6% during the 3rd quarter. First Heartland Consultants Inc. now owns 13,000 shares of the insurance provider's stock valued at $460,000 after buying an additional 1,458 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Insider Transactions at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International 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 sale, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 0.78% of the stock is currently owned by company insiders.

Old Republic International Price Performance

Shares of ORI stock traded up $0.08 during trading hours on Thursday, hitting $36.57. The stock had a trading volume of 1,148,801 shares, compared to its average volume of 1,170,433. 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 capitalization of $9.08 billion, a price-to-earnings ratio of 13.90 and a beta of 0.83. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.27. The stock's 50-day moving average price is $36.27 and its two-hundred day moving average price is $36.21.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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 forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. Old Republic International's dividend payout ratio is currently 44.11%.

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.