Orion Portfolio Solutions LLC Sells 30,314 Shares of Old Republic International Co. (NYSE:ORI)

Orion Portfolio Solutions LLC lessened its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,096 shares of the insurance provider's stock after selling 30,314 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Old Republic International were worth $2,066,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORI. Norges Bank bought a new stake in Old Republic International in the 4th quarter worth about $105,581,000. Raymond James Financial Inc. bought a new position in shares of Old Republic International in the fourth quarter valued at approximately $67,054,000. Point72 Asset Management L.P. increased its position in shares of Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock valued at $21,612,000 after acquiring an additional 377,605 shares during the last quarter. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $5,209,000. Finally, Wealthfront Advisers LLC bought a new stake in Old Republic International during the fourth quarter worth $5,409,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Stock Performance

Old Republic International stock traded down $1.06 during trading on Monday, hitting $35.24. The stock had a trading volume of 2,179,107 shares, compared to its average volume of 1,284,316. The stock's 50 day moving average is $37.27 and its two-hundred day moving average is $36.56. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.84. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 13.40 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

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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, beating 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%. As a group, analysts predict 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 was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This is an increase 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 annualized dividend and a dividend yield of 3.29%. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ORI. Piper Sandler upped their price objective on Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction dated 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 sale, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 over the last quarter. Company 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.