Old Republic International Co. (NYSE:ORI) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Old Republic International Co. (NYSE:ORI) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 54,852 shares of the insurance provider’s stock after buying an additional 5,243 shares during the period. HighTower Advisors LLC’s holdings in Old Republic International were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ORI. Raymond James Financial Inc. acquired a new position in shares of Old Republic International in the 4th quarter valued at $67,054,000. Point72 Asset Management L.P. increased its holdings in shares of Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after acquiring an additional 377,605 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Old Republic International in the 3rd quarter valued at $7,965,000. Orca Wealth Management LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $5,209,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $5,409,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction 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 owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $37.61 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market capitalization of $9.33 billion, a P/E ratio of 14.30 and a beta of 0.83. The company’s fifty day moving average is $36.68 and its two-hundred day moving average is $36.30. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27.

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

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, March 10th. Old Republic International’s payout ratio is presently 44.11%.

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.