Steward Partners Investment Advisory LLC Acquires 583 Shares of Old Republic International Co. (NYSE:ORI)

Steward Partners Investment Advisory LLC grew its position in Old Republic International Co. (NYSE:ORI) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,707 shares of the insurance provider’s stock after acquiring an additional 583 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Old Republic International were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Axxcess Wealth Management LLC bought a new position in Old Republic International in the 3rd quarter valued at $524,000. KBC Group NV lifted its holdings in Old Republic International by 12.2% during the third quarter. KBC Group NV now owns 6,601 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 719 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,021 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Old Republic International by 15.2% in the third quarter. Natixis Advisors LLC now owns 61,528 shares of the insurance provider’s stock valued at $2,179,000 after purchasing an additional 8,136 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new stake in Old Republic International during the third quarter worth about $835,000. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jeffrey Lange sold 1,098 shares of the firm’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 transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 in the last three months. Insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

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

Old Republic International Trading Up 0.2 %

Shares of NYSE:ORI opened at $36.57 on Friday. The company has a market capitalization of $9.08 billion, a P/E ratio of 13.90 and a beta of 0.83. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The business’s 50 day simple moving average is $36.27 and its 200 day simple moving average is $36.21.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

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.