Corebridge Financial Inc. Sells 17,330 Shares of Old Republic International Co. (NYSE:ORI)

Corebridge Financial Inc. lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 263,976 shares of the insurance provider’s stock after selling 17,330 shares during the period. Corebridge Financial Inc. owned about 0.10% of Old Republic International worth $9,553,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International during the third quarter valued at about $28,000. Fairway Wealth LLC purchased a new stake in Old Republic International during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International during the 4th quarter worth approximately $34,000. Core Alternative Capital purchased a new position in Old Republic International in the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $38.64 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 14.69 and a beta of 0.83. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The company has a 50-day moving average price of $36.92 and a 200-day moving average price of $36.37.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.00%. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is 44.11%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is currently owned by company insiders.

Old Republic International Company 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.