AssuredPartners Investment Advisors LLC Invests $1.48 Million in Old Republic International Co. (NYSE:ORI)

AssuredPartners Investment Advisors LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,821 shares of the insurance provider’s stock, valued at approximately $1,477,000.

Several other hedge funds have also recently bought and sold shares of ORI. Janus Henderson Group PLC increased its position in shares of Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after acquiring an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. boosted its position in 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 worth $279,000 after purchasing an additional 302 shares during the period. Nisa Investment Advisors LLC increased its holdings in Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after purchasing an additional 19,400 shares in the last quarter. Orca Wealth Management LLC purchased a new position in Old Republic International in the fourth quarter valued at about $5,209,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’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 completion of the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Old Republic International Trading Up 0.4 %

ORI opened at $38.64 on Thursday. The firm’s 50 day moving average is $36.92 and its 200-day moving average is $36.37. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27. 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 market capitalization of $9.59 billion, a P/E ratio of 14.69 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. Analysts expect 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. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. 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. Old Republic International’s payout ratio is presently 44.11%.

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.