Swiss National Bank Has $17.48 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Swiss National Bank cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 483,000 shares of the insurance provider's stock after selling 21,000 shares during the quarter. Swiss National Bank owned approximately 0.19% of Old Republic International worth $17,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avantax Advisory Services Inc. acquired a new stake in shares of Old Republic International in the fourth quarter valued at $220,000. EverSource Wealth Advisors LLC boosted its holdings in Old Republic International by 17.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,989 shares of the insurance provider's stock valued at $144,000 after acquiring an additional 592 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Old Republic International by 10.6% in the fourth quarter. HighTower Advisors LLC now owns 54,852 shares of the insurance provider's stock valued at $1,985,000 after acquiring an additional 5,243 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Old Republic International by 2.2% in the fourth quarter. Moors & Cabot Inc. now owns 23,030 shares of the insurance provider's stock valued at $833,000 after acquiring an additional 500 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Old Republic International in the fourth quarter valued at about $5,409,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated 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 owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,039 shares of company stock worth $1,580,733. Insiders own 1.00% of the company's stock.

Old Republic International Trading Down 0.4 %

Old Republic International stock traded down $0.17 during mid-day trading on Friday, hitting $37.61. The stock had a trading volume of 3,157,304 shares, compared to its average volume of 1,234,803. The stock has a 50-day simple moving average of $36.68 and a two-hundred day simple moving average of $36.30. The stock has a market capitalization of $9.33 billion, a PE ratio of 14.30 and a beta of 0.83. Old Republic International Co. has a 12 month low of $28.59 and a 12 month 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.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Old Republic International Company Profile

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.