Thrivent Financial for Lutherans Has $3.53 Million Stock Position in Old Republic International Co. (NYSE:ORI)

Thrivent Financial for Lutherans reduced its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,458 shares of the insurance provider's stock after selling 14,902 shares during the period. Thrivent Financial for Lutherans' holdings in Old Republic International were worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the third quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International during the 4th quarter worth $34,000. Core Alternative Capital acquired a new position in Old Republic International in the 4th quarter worth about $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International in the 4th quarter worth about $39,000. 70.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the firm's 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 sale, the senior vice president now directly owns 34,679 shares of the company's stock, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 over the last ninety days. Insiders own 1.00% of the company's stock.

Old Republic International Trading Down 0.2 %

Shares of ORI stock traded down $0.07 during trading hours on Friday, hitting $38.98. 1,521,603 shares of the company's stock traded hands, compared to its average volume of 1,280,684. The stock has a market cap of $9.67 billion, a PE ratio of 14.82 and a beta of 0.83. The stock's 50 day simple moving average is $37.04 and its 200 day simple moving average is $36.44. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.31.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, sell-side analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is currently 44.11%.

Old Republic International 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.