Natixis Advisors LLC Trims Stock Position in Old Republic International Co. (NYSE:ORI)

Natixis Advisors LLC trimmed its position in Old Republic International Co. (NYSE:ORI - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,849 shares of the insurance provider's stock after selling 6,679 shares during the quarter. Natixis Advisors LLC's holdings in Old Republic International were worth $1,985,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORI. Wilmington Savings Fund Society FSB bought a new position in Old Republic International in the third quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in shares of Old Republic International in the 4th quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International in the 4th quarter worth $34,000. Core Alternative Capital purchased a new stake in shares of Old Republic International during the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Wall Street Analyst Weigh In

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

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Old Republic International Stock Down 0.2 %

ORI traded down $0.07 during trading on Friday, hitting $38.98. The stock had a trading volume of 1,521,603 shares, compared to its average volume of 1,283,021. The stock has a 50 day simple moving average of $36.98 and a two-hundred day simple moving average of $36.38. The company has a market capitalization of $9.67 billion, a PE ratio of 14.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.39.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm'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 completion of the transaction, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock worth $1,580,733 in the last three months. Corporate insiders own 1.00% of the company's stock.

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.