State of New Jersey Common Pension Fund D reduced its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,082 shares of the insurance provider's stock after selling 6,898 shares during the period. State of New Jersey Common Pension Fund D's holdings in Old Republic International were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of 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 purchasing an additional 450 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International in the 3rd quarter valued at approximately $28,000. Core Alternative Capital purchased a new position in Old Republic International in the 4th quarter valued at approximately $36,000. Synergy Asset Management LLC purchased a new position in Old Republic International in the 4th quarter valued at approximately $39,000. Finally, Crews Bank & Trust purchased a new position in Old Republic International in the fourth quarter valued at $40,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Old Republic International
In related news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares of the company's stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. This represents a 21.50 % 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 insiders.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Old Republic International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 1st.
Get Our Latest Report on ORI
Old Republic International Stock Up 0.2 %
Shares of NYSE:ORI traded up $0.09 on Friday, hitting $36.51. 1,198,830 shares of the company's stock were exchanged, compared to its average volume of 1,104,686. The firm's 50-day moving average is $35.99 and its 200 day moving average is $35.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market capitalization of $9.26 billion, a PE ratio of 13.88 and a beta of 0.88. Old Republic International Co. has a 1-year low of $28.20 and a 1-year high of $39.27.
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 (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%. Sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.
Old Republic International Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio is presently 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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