Boston Financial Mangement LLC Buys 9,011 Shares of Old Republic International Co. (NYSE:ORI)

Boston Financial Mangement LLC boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 785,190 shares of the insurance provider’s stock after acquiring an additional 9,011 shares during the period. Boston Financial Mangement LLC’s holdings in Old Republic International were worth $28,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth $1,191,000. Venturi Wealth Management LLC grew its stake in Old Republic International by 1.6% during 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 in the last quarter. Truist Financial Corp increased its holdings in Old Republic International by 7.5% in the 4th quarter. Truist Financial Corp now owns 20,545 shares of the insurance provider’s stock valued at $744,000 after buying an additional 1,425 shares during the period. CIBC Asset Management Inc increased its holdings in Old Republic International by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 8,627 shares of the insurance provider’s stock valued at $312,000 after buying an additional 464 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of Old Republic International by 1.6% in the 4th quarter. Sanctuary Advisors LLC now owns 121,998 shares of the insurance provider’s stock valued at $4,501,000 after buying an additional 1,876 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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 stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Old Republic International stock opened at $36.59 on Thursday. The stock has a fifty day moving average of $35.98 and a 200-day moving average of $35.89. The stock has a market capitalization of $9.28 billion, a P/E ratio of 13.91 and a beta of 0.88. 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 52 week low of $28.20 and a 52 week high of $39.27.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 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 expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 15th. Shareholders 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%.

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.