LS Investment Advisors LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,173 shares of the insurance provider’s stock after selling 3,571 shares during the period. LS Investment Advisors LLC’s holdings in Old Republic International were worth $324,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ORI. APG Asset Management N.V. lifted its holdings in shares of Old Republic International by 299.3% during the fourth quarter. APG Asset Management N.V. now owns 1,050,986 shares of the insurance provider’s stock valued at $18,713,000 after purchasing an additional 787,786 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $16,657,000. Janus Henderson Group PLC purchased a new position in shares of Old Republic International during the second quarter valued at approximately $7,344,000. Capital Returns Management LLC lifted its holdings in shares of Old Republic International by 37.1% during the third quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock valued at $25,821,000 after purchasing an additional 354,975 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Old Republic International by 378.7% during the fourth quarter. Bank of Montreal Can now owns 360,418 shares of the insurance provider’s stock valued at $7,705,000 after purchasing an additional 285,130 shares during the last quarter. Hedge funds and other institutional investors own 72.85% of the company’s stock.
Several equities analysts have recently issued reports on the stock. JMP Securities upgraded shares of Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday, February 12th. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, January 24th. Finally, Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $25.00 in a research report on Monday, October 30th.
Shares of Old Republic International Co. (NYSE:ORI) opened at $20.98 on Tuesday. The firm has a market cap of $5,534.67, a P/E ratio of 18.73 and a beta of 1.34. The company has a current ratio of 1.31, a quick ratio of 0.51 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 1 year low of $17.92 and a 1 year high of $22.34.
Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.64 billion. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. research analysts forecast that Old Republic International Co. will post 1.7 EPS for the current fiscal year.
The company also recently declared a None dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, January 9th. Old Republic International’s dividend payout ratio (DPR) is currently 39.58%.
In other news, Director Glenn W. Reed purchased 5,000 shares of Old Republic International stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average price of $20.43 per share, with a total value of $102,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Charles S. Boone sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.96, for a total transaction of $314,400.00. Following the sale, the vice president now directly owns 22,750 shares of the company’s stock, valued at approximately $476,840. The disclosure for this sale can be found here. Insiders have sold 81,552 shares of company stock valued at $1,711,992 in the last three months. 2.00% of the stock is owned by insiders.
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About Old Republic International
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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