Old Republic International Co. (NYSE:ORI) Shares Acquired by Colonial River Investments LLC

Colonial River Investments LLC lifted its stake in shares of Old Republic International Co. (NYSE:ORI) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,849 shares of the insurance provider’s stock after purchasing an additional 1,048 shares during the quarter. Colonial River Investments LLC’s holdings in Old Republic International were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hamlin Capital Management LLC raised its position in shares of Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares during the period. Systematic Financial Management LP increased its position in Old Republic International by 9.6% in the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock valued at $31,268,000 after acquiring an additional 77,583 shares during the period. JPMorgan Chase & Co. increased its position in Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares during the period. Boston Financial Mangement LLC increased its position in Old Republic International by 1.2% in the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock valued at $28,416,000 after acquiring an additional 9,011 shares during the period. Finally, Point72 Asset Management L.P. increased its position 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 acquiring an additional 377,605 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Old Republic International Stock Up 0.2 %

ORI opened at $36.51 on Monday. Old Republic International Co. has a 12 month low of $28.20 and a 12 month high of $39.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a market cap of $9.26 billion, a P/E ratio of 13.88 and a beta of 0.88. The stock’s 50 day moving average price is $35.98 and its 200 day moving average price is $35.95.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. 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 Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 40.30%.

Insider Activity

In other news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International 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 transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Old Republic International 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.