Vestcor Inc bought a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,906 shares of the insurance provider's stock, valued at approximately $757,000.
A number of other institutional investors also recently modified their holdings of ORI. Venturi Wealth Management LLC lifted its holdings in Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock worth $677,000 after buying an additional 295 shares during the period. Atomi Financial Group Inc. lifted its holdings in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after buying an additional 302 shares during the period. Berry Wealth Group LP lifted its holdings in Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock worth $226,000 after buying an additional 310 shares during the period. SPC Financial Inc. lifted its holdings in Old Republic International by 1.8% in the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider's stock worth $652,000 after buying an additional 312 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider's stock valued at $2,965,000 after purchasing an additional 315 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.
Old Republic International Stock Up 0.1 %
Shares of ORI stock traded up $0.05 during trading hours on Thursday, hitting $37.76. 1,366,080 shares of the company's stock traded hands, compared to its average volume of 1,232,691. The stock's fifty day simple moving average is $36.53 and its two-hundred day simple moving average is $36.28. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 14.36 and a beta of 0.83. 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 (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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 expect 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 will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.07%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is 44.11%.
Insider Activity at Old Republic International
In related news, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the firm's 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 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 position. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $1,580,733 over the last 90 days. Corporate insiders own 1.00% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest Analysis on ORI
Old Republic International Company Profile
(
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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