Amundi Has $9.22 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Amundi lessened its holdings in Old Republic International Co. (NYSE:ORI) by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,332 shares of the insurance provider’s stock after selling 135,702 shares during the period. Amundi owned approximately 0.11% of Old Republic International worth $9,217,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Old Republic International in the fourth quarter worth about $67,054,000. Proficio Capital Partners LLC acquired a new position in Old Republic International in the fourth quarter worth about $3,573,000. SPC Financial Inc. raised its position in Old Republic International by 1.8% in the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock worth $652,000 after purchasing an additional 312 shares in the last quarter. Assetmark Inc. grew its stake in Old Republic International by 6.5% during the fourth quarter. Assetmark Inc. now owns 114,237 shares of the insurance provider’s stock worth $4,134,000 after buying an additional 6,923 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Old Republic International during the fourth quarter worth about $283,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Activity

In other news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at $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. Insiders have sold 43,039 shares of company stock valued at $1,580,733 over the last three months. 0.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Old Republic International Price Performance

Shares of Old Republic International stock opened at $37.41 on Friday. 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 market capitalization of $9.28 billion, a price-to-earnings ratio of 14.22 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 firm’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $36.23.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data 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 net margin of 10.36% and a return on equity of 20.32%. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, March 10th. Old Republic International’s dividend payout ratio is 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.