Principal Financial Group Inc. Has $19.36 Million Position in Old Republic International Co. (NYSE:ORI)

Principal Financial Group Inc. decreased its stake in Old Republic International Co. (NYSE:ORI) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 534,929 shares of the insurance provider’s stock after selling 16,366 shares during the period. Principal Financial Group Inc. owned 0.21% of Old Republic International worth $19,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased 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 valued at $26,000 after purchasing an additional 450 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter valued at $28,000. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter valued at $36,000. Synergy Asset Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $39,000. Finally, Crews Bank & Trust bought a new position in Old Republic International during the fourth quarter worth $40,000. 70.92% of the stock is currently owned by institutional investors.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Old Republic International Trading Up 0.9 %

Shares of ORI stock opened at $36.81 on Tuesday. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a 50 day simple moving average of $35.97 and a two-hundred day simple moving average of $35.97. The company has a market cap of $9.33 billion, a P/E 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, 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 year.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

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.