Assetmark Inc. Boosts Holdings in Old Republic International Co. (NYSE:ORI)

Assetmark Inc. raised its holdings in shares of Old Republic International Co. (NYSE:ORI) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,237 shares of the insurance provider’s stock after acquiring an additional 6,923 shares during the quarter. Assetmark Inc.’s holdings in Old Republic International were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after acquiring an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after acquiring an additional 302 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after acquiring an additional 19,400 shares in the last quarter. Orca Wealth Management LLC purchased a new position in Old Republic International during the 4th quarter valued at about $5,209,000. Finally, JPMorgan Chase & Co. increased its holdings in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Price Performance

Old Republic International stock opened at $37.28 on Friday. 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 capitalization of $9.25 billion, a P/E ratio of 14.17 and a beta of 0.83. The firm’s 50-day moving average is $36.23 and its two-hundred day moving average is $36.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI) last released its quarterly 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 net margin of 10.36% and a return on equity of 20.32%. Equities analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.29 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.11%. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Insider Buying and Selling

In related news, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 33,556 shares in the company, valued at $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. Over the last three months, insiders have sold 15,582 shares of company stock valued at $578,552. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

About Old Republic International

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.