Old Republic International Co. (NYSE:ORI) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in Old Republic International Co. (NYSE:ORI) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,051,784 shares of the insurance provider’s stock after selling 914 shares during the period. M&T Bank Corp’s holdings in Old Republic International were worth $38,064,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International in the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International in the 4th quarter valued at $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International in the fourth quarter worth approximately $36,000. Synergy Asset Management LLC acquired a new stake in Old Republic International during the 4th quarter valued at $39,000. Finally, Crews Bank & Trust acquired a new stake in Old Republic International during the 4th quarter worth about $40,000. 70.92% of the stock is currently owned by institutional investors.

Insider Transactions at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value 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 represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Old Republic International Trading Down 3.2 %

Old Republic International stock opened at $37.47 on Wednesday. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 14.25 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.62 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 business has a 50 day moving average price of $36.17 and a two-hundred day moving average price of $36.13.

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

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 10th. 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%. Old Republic International’s dividend payout ratio is presently 44.11%.

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.