Maridea Wealth Management LLC Purchases New Holdings in Old Republic International Co. (NYSE:ORI)

Maridea Wealth Management LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 7,428 shares of the insurance provider’s stock, valued at approximately $269,000.

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

Old Republic International Stock Performance

NYSE ORI opened at $38.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock’s fifty day moving average is $37.04 and its two-hundred day moving average is $36.42. The firm has a market capitalization of $9.67 billion, a P/E ratio of 14.82 and a beta of 0.83. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.31.

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

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.98%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value 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. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction on 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 in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is currently owned by company insiders.

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.