Woodmont Investment Counsel LLC Sells 964 Shares of Old Republic International Co. (NYSE:ORI)

Woodmont Investment Counsel LLC lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,464 shares of the insurance provider’s stock after selling 964 shares during the period. Woodmont Investment Counsel LLC’s holdings in Old Republic International were worth $4,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ORI. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International during the third quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International during the fourth quarter valued at approximately $34,000. Core Alternative Capital bought a new stake in shares of Old Republic International during the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International in the 4th quarter worth approximately $39,000. Institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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 Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction 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 transaction, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Old Republic International Trading Down 0.4 %

NYSE:ORI opened at $37.61 on Monday. 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 12 month low of $28.59 and a 12 month high of $39.27. The company has a market cap of $9.33 billion, a PE ratio of 14.30 and a beta of 0.83. The company has a 50 day simple moving average of $36.68 and a two-hundred day simple moving average of $36.30.

Old Republic International (NYSE:ORI) last posted its earnings results 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%. Research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 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.