Old Republic International Co. (NYSE:ORI) Shares Sold by Providence Capital Advisors LLC

Providence Capital Advisors LLC reduced its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,972 shares of the insurance provider's stock after selling 23,819 shares during the quarter. Providence Capital Advisors LLC's holdings in Old Republic International were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ORI. Parallel Advisors LLC grew its holdings in Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after buying an additional 290 shares during the period. Venturi Wealth Management LLC grew its position in Old Republic International by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after acquiring an additional 295 shares during the period. Ironwood Investment Management LLC increased its stake in Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock worth $850,000 after acquiring an additional 301 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares during the period. Finally, Berry Wealth Group LP lifted its stake in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 310 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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Old Republic International Stock Up 1.5 %

ORI stock traded up $0.58 during midday trading on Tuesday, hitting $39.80. 259,458 shares of the company's stock were exchanged, compared to its average volume of 1,211,991. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 15.13 and a beta of 0.83. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $37.10 and a 200-day moving average price of $36.47. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.79.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. 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. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Insider Activity at Old Republic International

In other 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 completion of the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 approximately $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

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.