Rhumbline Advisers lowered its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 671,568 shares of the insurance provider's stock after selling 12,510 shares during the period. Rhumbline Advisers owned approximately 0.26% of Old Republic International worth $24,304,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in ORI. Allworth Financial LP increased its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International during the third quarter worth about $28,000. Core Alternative Capital bought a new stake in Old Republic International during the fourth quarter worth about $36,000. Synergy Asset Management LLC bought a new stake in Old Republic International during the fourth quarter worth about $39,000. Finally, Crews Bank & Trust bought a new stake in Old Republic International during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 70.92% of the company's stock.
Insider Activity at Old Republic International
In related news, 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 value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Old Republic International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 1st.
Read Our Latest Stock Analysis on ORI
Old Republic International Price Performance
Shares of ORI traded up $0.09 during mid-day trading on Friday, hitting $36.51. 1,198,830 shares of the company traded hands, compared to its average volume of 890,322. Old Republic International Co. has a one year low of $28.20 and a one year high of $39.27. 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 business has a 50-day moving average of $35.99 and a 200 day moving average of $35.90. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 13.88 and a beta of 0.88.
Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 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%. As a group, equities analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.
Old Republic International Dividend Announcement
The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio (DPR) is currently 40.30%.
About Old Republic International
(
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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