Ieq Capital LLC Takes $1.19 Million Position in Old Republic International Co. (NYSE:ORI)

Ieq Capital LLC purchased a new stake in shares of Old Republic International Co. (NYSE:ORI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 32,905 shares of the insurance provider’s stock, valued at approximately $1,191,000.

Several other hedge funds have also recently bought and sold shares of the business. Creative Planning boosted its position in Old Republic International by 11.4% during the 3rd quarter. Creative Planning now owns 65,847 shares of the insurance provider’s stock worth $2,332,000 after purchasing an additional 6,726 shares during the period. Blue Trust Inc. boosted its position in shares of Old Republic International by 26.8% in the third quarter. Blue Trust Inc. now owns 4,390 shares of the insurance provider’s stock worth $155,000 after buying an additional 927 shares during the period. International Assets Investment Management LLC grew its stake in shares of Old Republic International by 1,268.1% in the third quarter. International Assets Investment Management LLC now owns 78,448 shares of the insurance provider’s stock valued at $2,779,000 after buying an additional 72,714 shares in the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Old Republic International during the 3rd quarter valued at about $209,000. Finally, Allworth Financial LP lifted its position in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

Old Republic International Stock Up 0.9 %

Shares of NYSE:ORI opened at $36.81 on Tuesday. The company’s fifty day moving average is $35.97 and its two-hundred day moving average is $35.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 13.99 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company’s 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.