Natixis Advisors LLC Sells 6,679 Shares of Old Republic International Co. (NYSE:ORI)

Natixis Advisors LLC cut its holdings in Old Republic International Co. (NYSE:ORI) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,849 shares of the insurance provider’s stock after selling 6,679 shares during the quarter. Natixis Advisors LLC’s holdings in Old Republic International were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the third quarter valued at $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Old Republic International during the fourth quarter valued at about $34,000. Core Alternative Capital bought a new position in Old Republic International in the fourth quarter worth about $36,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction on 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 transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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.

Old Republic International Stock Up 2.0 %

ORI stock opened at $38.40 on Tuesday. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The firm has a market cap of $9.53 billion, a PE ratio of 14.60 and a beta of 0.83. The business has a 50 day moving average of $36.77 and a 200 day moving average of $36.32. 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 (NYSE:ORI) last announced its quarterly 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 net margin of 10.36% and a return on equity of 20.32%. On average, research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm 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. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. 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 3.02%. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

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.