Charles Schwab Investment Management Inc. Sells 20,717 Shares of Old Republic International Co. (NYSE:ORI)

Charles Schwab Investment Management Inc. trimmed its position in Old Republic International Co. (NYSE:ORI) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,691,180 shares of the insurance provider’s stock after selling 20,717 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of Old Republic International worth $61,204,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Old Republic International by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after purchasing an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Old Republic International by 4.1% during the 4th 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 period. Nisa Investment Advisors LLC grew its position in shares of Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC bought a new position in shares of Old Republic International during the 4th quarter valued at approximately $5,209,000. Finally, JPMorgan Chase & Co. grew its position in shares of Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares during the period. 70.92% of the stock is owned by institutional investors.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,582 shares of company stock worth $578,552. 0.78% of the stock is owned by corporate insiders.

Old Republic International Stock Down 0.5 %

Old Republic International stock opened at $36.48 on Thursday. The company has a market capitalization of $9.06 billion, a P/E ratio of 13.87 and a beta of 0.83. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $36.26 and a 200-day moving average price of $36.21. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating 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%. As a group, equities analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Monday, March 10th. Old Republic International’s dividend payout ratio is presently 44.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report 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.