DDD Partners LLC Sells 10,892 Shares of Old Republic International Co. (NYSE:ORI)

DDD Partners LLC lessened its holdings in Old Republic International Co. (NYSE:ORI) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 642,511 shares of the insurance provider’s stock after selling 10,892 shares during the quarter. Old Republic International accounts for approximately 2.9% of DDD Partners LLC’s investment portfolio, making the stock its 8th biggest holding. DDD Partners LLC owned 0.25% of Old Republic International worth $23,252,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the third quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in Old Republic International during the third quarter worth $31,000. Core Alternative Capital bought a new stake in Old Republic International during the fourth quarter worth $36,000. Finally, Synergy Asset Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at $39,000. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Piper Sandler boosted their target price on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Insiders Place Their Bets

In related news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI opened at $36.39 on Monday. Old Republic International Co. has a 52-week low of $28.20 and a 52-week high of $39.27. The stock has a market cap of $9.23 billion, a PE ratio of 13.83 and a beta of 0.88. The firm has a 50-day moving average of $35.98 and a 200-day moving average of $35.86. 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 (NYSE:ORI) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is 40.30%.

About Old Republic International

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.