Proficio Capital Partners LLC Acquires Shares of 98,726 Old Republic International Co. (NYSE:ORI)

Proficio Capital Partners LLC bought a new position in Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 98,726 shares of the insurance provider’s stock, valued at approximately $3,573,000.

Several other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the 3rd quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $36,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at approximately $39,000. Finally, Crews Bank & Trust purchased a new stake in Old Republic International in the fourth quarter worth $40,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Price Performance

ORI opened at $37.50 on Tuesday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 14.26 and a beta of 0.83. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $36.40 and a two-hundred day simple moving average of $36.26.

Old Republic International (NYSE:ORI) last released its earnings results 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 predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.29 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, March 10th. Old Republic International’s payout ratio is presently 44.11%.

Analysts Set New Price Targets

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

Insider Activity at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at $1,699,294. This represents a 37.10 % decrease in their position. The transaction 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 Old Republic International stock in a transaction on Friday, January 31st. The stock was 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 $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is owned by corporate insiders.

Old Republic International Company 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.