Proficio Capital Partners LLC bought a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 98,726 shares of the insurance provider's stock, valued at approximately $3,573,000.
Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the third quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the fourth quarter worth about $34,000. Core Alternative Capital bought a new stake in shares of Old Republic International during the 4th quarter worth $36,000. Synergy Asset Management LLC acquired a new position in Old Republic International in the 4th quarter worth approximately $39,000. Finally, Crews Bank & Trust purchased a new position in Old Republic International during the 4th quarter valued at about $40,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
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.
Read Our Latest Research Report on ORI
Old Republic International Price Performance
Shares of Old Republic International stock traded down $0.17 during midday trading on Friday, reaching $37.61. The company had a trading volume of 3,152,245 shares, compared to its average volume of 1,237,904. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83. The stock has a fifty day simple moving average of $36.59 and a 200 day simple moving average of $36.29.
Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.08%. Old Republic International's dividend payout ratio is currently 44.11%.
Insider Buying and Selling at Old Republic International
In related news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The stock was 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 of the company's stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on 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 directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $1,580,733 in the last quarter. 1.00% of the stock is currently owned by insiders.
Old Republic International Company Profile
(
Free Report)
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.
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