Securian Asset Management Inc. Trims Stock Position in Old Republic International Co. (NYSE:ORI)

Securian Asset Management Inc. lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,635 shares of the insurance provider’s stock after selling 857 shares during the quarter. Securian Asset Management Inc.’s holdings in Old Republic International were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC increased its position in shares of Old Republic International by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares during the last quarter. Berry Wealth Group LP increased its holdings in Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after acquiring an additional 310 shares in the last quarter. SPC Financial Inc. increased its holdings in Old Republic International by 1.8% in the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock worth $652,000 after acquiring an additional 312 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 2.2 %

Old Republic International stock opened at $37.41 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The firm has a 50 day moving average of $36.33 and a 200 day moving average of $36.24. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83.

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%. As a group, research analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 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 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.