Old Republic International Co. (NYSE:ORI) Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC reduced its holdings in shares of Old Republic International Co. (NYSE:ORI) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,572 shares of the insurance provider’s stock after selling 4,464 shares during the quarter. MMA Asset Management LLC’s holdings in Old Republic International were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the 3rd quarter worth about $28,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the 4th quarter worth about $36,000. Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth about $39,000. Finally, Crews Bank & Trust acquired a new position in shares of Old Republic International during the 4th quarter worth about $40,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Up 1.7 %

Old Republic International stock opened at $38.49 on Friday. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. 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 company has a market capitalization of $9.76 billion, a P/E ratio of 14.63 and a beta of 0.88. The stock has a 50-day simple moving average of $36.10 and a 200-day simple moving average of $36.05.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating 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%. Equities research analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a $0.29 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International’s payout ratio is presently 40.30%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction 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. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company 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.