IFP Advisors Inc Has $433,000 Position in Old Republic International Co. (NYSE:ORI)

IFP Advisors Inc boosted its position in shares of Old Republic International Co. (NYSE:ORI) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,972 shares of the insurance provider’s stock after purchasing an additional 934 shares during the quarter. IFP Advisors Inc’s holdings in Old Republic International were worth $433,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Colonial River Investments LLC grew its holdings in Old Republic International by 7.1% during the fourth quarter. Colonial River Investments LLC now owns 15,849 shares of the insurance provider’s stock valued at $574,000 after purchasing an additional 1,048 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Old Republic International by 147.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 56,386 shares of the insurance provider’s stock valued at $2,041,000 after buying an additional 33,622 shares in the last quarter. Navellier & Associates Inc. lifted its stake in Old Republic International by 36.0% in the fourth quarter. Navellier & Associates Inc. now owns 20,313 shares of the insurance provider’s stock valued at $735,000 after buying an additional 5,377 shares in the last quarter. Boston Financial Mangement LLC lifted its stake in Old Republic International by 1.2% in the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock valued at $28,416,000 after buying an additional 9,011 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Old Republic International in the fourth quarter valued at approximately $1,191,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insiders Place Their Bets

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

Shares of ORI opened at $38.49 on Friday. 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 Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The firm’s 50 day moving average price is $36.10 and its two-hundred day moving average price is $36.05. The firm has a market cap of $9.76 billion, a P/E ratio of 14.63 and a beta of 0.88.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. On average, analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company 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. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.01%. The ex-dividend date is Monday, March 10th. 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.