Proficio Capital Partners LLC Invests $3.57 Million in Old Republic International Co. (NYSE:ORI)

Proficio Capital Partners LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 98,726 shares of the insurance provider’s stock, valued at approximately $3,573,000.

Other institutional investors also recently modified their holdings of the company. First Trust Direct Indexing L.P. acquired a new position in Old Republic International in the 3rd quarter valued at about $246,000. Robeco Institutional Asset Management B.V. grew its stake in Old Republic International by 8.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 229,932 shares of the insurance provider’s stock valued at $8,144,000 after buying an additional 18,397 shares during the last quarter. QRG Capital Management Inc. grew its stake in Old Republic International by 28.2% in the 3rd quarter. QRG Capital Management Inc. now owns 13,576 shares of the insurance provider’s stock valued at $481,000 after buying an additional 2,989 shares during the last quarter. Foster & Motley Inc. grew its stake in Old Republic International by 27.4% in the 3rd quarter. Foster & Motley Inc. now owns 19,025 shares of the insurance provider’s stock valued at $674,000 after buying an additional 4,096 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its stake in Old Republic International by 2.9% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider’s stock valued at $4,478,000 after buying an additional 3,533 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,219,760.60. This trade 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.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $37.47 on Wednesday. The company’s 50 day moving average price is $36.17 and its two-hundred day moving average price is $36.13. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The firm has a market cap of $9.50 billion, a PE 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 (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. Equities 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 firm also recently announced 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 represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is presently 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 research note on Tuesday, February 25th.

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.