DDD Partners LLC Has $23.25 Million Holdings in Old Republic International Co. (NYSE:ORI)

DDD Partners LLC cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 642,511 shares of the insurance provider’s stock after selling 10,892 shares during the period. Old Republic International comprises 2.9% of DDD Partners LLC’s investment portfolio, making the stock its 8th largest position. DDD Partners LLC’s holdings in Old Republic International were worth $23,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hamlin Capital Management LLC raised its position in Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after purchasing an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after buying an additional 377,605 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Old Republic International during the 3rd quarter worth approximately $7,965,000. Orca Wealth Management LLC bought a new stake in Old Republic International during the 4th quarter worth approximately $5,209,000. Finally, Franklin Resources Inc. increased its position in Old Republic International by 39.6% in the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after acquiring an additional 128,896 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

NYSE:ORI opened at $36.39 on Monday. The company has a market capitalization of $9.23 billion, a PE ratio of 13.83 and a beta of 0.88. Old Republic International Co. has a fifty-two week low of $28.20 and a fifty-two week high of $39.27. 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 company has a 50 day simple moving average of $35.98 and a two-hundred day simple moving average of $35.86.

Old Republic International (NYSE:ORI) last announced its 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%. Research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is 40.30%.

Insider Buying and Selling

In other news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now 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. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORI has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st.

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.