Xponance Inc. Grows Stake in Old Republic International Co. (NYSE:ORI)

Xponance Inc. boosted its position in shares of Old Republic International Co. (NYSE:ORI) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 27,748 shares of the insurance provider’s stock after buying an additional 626 shares during the quarter. Xponance Inc.’s holdings in Old Republic International were worth $1,004,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ORI. Raymond James Financial Inc. acquired a new position in shares of Old Republic International during the 4th quarter worth $67,054,000. Systematic Financial Management LP raised its position in Old Republic International by 9.6% during the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after acquiring an additional 77,583 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Boston Financial Mangement LLC increased its stake in shares of Old Republic International by 1.2% during the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock worth $28,416,000 after purchasing an additional 9,011 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after purchasing an additional 377,605 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Old Republic International Trading Down 0.4 %

Shares of ORI stock opened at $37.61 on Monday. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $36.30. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) 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%. Research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 44.11%.

Insider Activity at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of the business’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 completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the 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 transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is currently owned by insiders.

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.