Old Republic International Co. (NYSE:ORI) Stake Lowered by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in Old Republic International Co. (NYSE:ORI) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 414,253 shares of the insurance provider’s stock after selling 2,344 shares during the quarter. Heartland Advisors Inc.’s holdings in Old Republic International were worth $14,992,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ORI. Parallel Advisors LLC boosted its stake in Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after buying an additional 290 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares in the last quarter. Ironwood Investment Management LLC increased its position in shares of Old Republic International by 1.3% during the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after purchasing an additional 301 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of 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 valued at $279,000 after acquiring an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP grew its position in Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after acquiring an additional 310 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 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 $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This 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 in the last quarter. Company insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Old Republic International stock opened at $39.08 on Friday. The business’s 50-day simple moving average is $36.98 and its 200 day simple moving average is $36.38. 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 Co. has a 12-month low of $28.59 and a 12-month high of $39.38. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 14.86 and a beta of 0.83.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.97%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.