Erste Asset Management GmbH Lowers Stake in Old Republic International Co. (NYSE:ORI)

Erste Asset Management GmbH lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,400 shares of the insurance provider’s stock after selling 800 shares during the period. Erste Asset Management GmbH’s holdings in Old Republic International were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after buying an additional 6,664 shares during the period. Atomi Financial Group Inc. lifted its holdings 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 purchasing an additional 302 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 19,400 shares during the last quarter. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International during the 4th quarter valued at $5,209,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 42,934 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, 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 sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at $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. Insiders sold 43,039 shares of company stock worth $1,580,733 in the last 90 days. Insiders own 0.78% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $37.41 on Friday. The firm has a market cap of $9.28 billion, a PE ratio of 14.22 and a beta of 0.83. 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 fifty day moving average price of $36.33 and a 200-day moving average price of $36.24. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.29 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analyst Upgrades and Downgrades

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

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.