Edgestream Partners L.P. Has $6.18 Million Stock Position in Old Republic International Co. (NYSE:ORI)

Edgestream Partners L.P. reduced its position in Old Republic International Co. (NYSE:ORI) by 24.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 170,692 shares of the insurance provider’s stock after selling 54,172 shares during the period. Edgestream Partners L.P. owned about 0.07% of Old Republic International worth $6,177,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ORI. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the 3rd quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International during the fourth quarter worth approximately $34,000. Core Alternative Capital acquired a new stake in Old Republic International during the fourth quarter worth approximately $36,000. Synergy Asset Management LLC acquired a new stake in Old Republic International during the fourth quarter worth approximately $39,000. Finally, Crews Bank & Trust acquired a new stake in Old Republic International during the fourth quarter worth approximately $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,582 shares of company stock valued at $578,552 over the last three months. 1.00% of the stock is owned by insiders.

Old Republic International Stock Up 0.1 %

NYSE ORI opened at $37.78 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The company has a 50 day moving average of $36.22 and a 200-day moving average of $36.15. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 14.37 and a beta of 0.88.

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 net margin of 10.36% and a return on equity of 20.32%. On average, equities research analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International’s 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.