Old Republic International Co. (NYSE:ORI) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in Old Republic International Co. (NYSE:ORI) by 32.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,041 shares of the insurance provider’s stock after acquiring an additional 500 shares during the quarter. Jones Financial Companies Lllp’s holdings in Old Republic International were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International in the third quarter valued at about $28,000. Core Alternative Capital purchased a new position in Old Republic International in the fourth quarter valued at about $36,000. Synergy Asset Management LLC purchased a new position in Old Republic International in the fourth quarter valued at about $39,000. Crews Bank & Trust purchased a new position in Old Republic International in the fourth quarter valued at about $40,000. Finally, Whipplewood Advisors LLC purchased a new position in Old Republic International in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 2.2 %

Shares of NYSE ORI opened at $37.41 on Monday. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. 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’s 50-day simple moving average is $36.33 and its 200-day simple moving average is $36.24.

Old Republic International (NYSE:ORI) last announced 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, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International’s payout ratio is presently 44.11%.

Analyst Ratings Changes

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

Insider Transactions at Old Republic International

In related news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,039 shares of company stock valued at $1,580,733. 0.78% 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.