Amundi Has $9.22 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Amundi cut its position in Old Republic International Co. (NYSE:ORI) by 33.6% during the 4th quarter, HoldingsChannel reports. The firm owned 268,332 shares of the insurance provider’s stock after selling 135,702 shares during the quarter. Amundi’s holdings in Old Republic International were worth $9,217,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the third quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Old Republic International during the fourth quarter worth $34,000. Core Alternative Capital acquired a new stake in shares of Old Republic International during the fourth quarter worth $36,000. Synergy Asset Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $39,000. Finally, Crews Bank & Trust acquired a new stake in shares of Old Republic International during the fourth quarter worth $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas Dare sold 27,457 shares of the business’s 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 transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock valued at $1,580,733 in the last three months. 0.78% of the stock is currently owned by corporate insiders.

Old Republic International Trading Up 2.2 %

Shares of NYSE:ORI opened at $37.41 on Friday. The company’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $36.23. 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 Co. has a one year low of $28.59 and a one year high of $39.27. The stock has a market capitalization of $9.28 billion, a PE ratio of 14.22 and a beta of 0.83.

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

Old Republic International Increases Dividend

The firm 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. The ex-dividend date is Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.10%. Old Republic International’s payout ratio is 44.11%.

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.