MMA Asset Management LLC Cuts Holdings in Old Republic International Co. (NYSE:ORI)

MMA Asset Management LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 44.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,572 shares of the insurance provider’s stock after selling 4,464 shares during the period. MMA Asset Management LLC’s holdings in Old Republic International were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Systematic Financial Management LP raised its stake in shares of Old Republic International by 9.6% during the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after buying an additional 77,583 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares during the period. Boston Financial Mangement LLC grew its holdings in shares of Old Republic International by 1.2% in the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock worth $28,416,000 after acquiring an additional 9,011 shares during the period. Point72 Asset Management L.P. increased its stake in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after purchasing an additional 377,605 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Old Republic International by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 561,406 shares of the insurance provider’s stock valued at $19,885,000 after purchasing an additional 1,999 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE ORI opened at $38.49 on Friday. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The company has a market capitalization of $9.76 billion, a P/E ratio of 14.63 and a beta of 0.88. The business has a 50 day moving average price of $36.10 and a 200 day moving average price of $36.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI) last released its quarterly earnings data 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%. Sell-side analysts expect that Old Republic International Co. will post 3.17 EPS 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.29 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.01%. Old Republic International’s dividend payout ratio (DPR) is presently 40.30%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently 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.