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

AssuredPartners Investment Advisors LLC purchased a new position in Old Republic International Co. (NYSE:ORI) during the 4th quarter, HoldingsChannel reports. The firm purchased 40,821 shares of the insurance provider’s stock, valued at approximately $1,477,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORI. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the third quarter valued at $28,000. Fairway Wealth LLC bought a new stake in Old Republic International in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International during the 4th quarter valued at about $34,000. Core Alternative Capital bought a new position in Old Republic International in the 4th quarter worth about $36,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 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. Insiders sold 43,039 shares of company stock valued at $1,580,733 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Old Republic International Price Performance

Shares of ORI opened at $38.64 on Thursday. The stock’s fifty day moving average is $36.92 and its 200-day moving average is $36.37. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 14.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.27.

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

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 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.