Advisor Group Inc. increased its holdings in shares of Old Republic International (NYSE:ORI) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,151 shares of the insurance provider’s stock after buying an additional 3,073 shares during the period. Advisor Group Inc.’s holdings in Old Republic International were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Old Republic International by 16.2% in the 4th quarter. Renaissance Technologies LLC now owns 9,023,085 shares of the insurance provider’s stock valued at $192,914,000 after purchasing an additional 1,257,200 shares during the last quarter. Alliancebernstein L.P. raised its stake in Old Republic International by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,588,174 shares of the insurance provider’s stock valued at $76,715,000 after purchasing an additional 149,537 shares during the last quarter. Geode Capital Management LLC raised its stake in Old Republic International by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 2,526,448 shares of the insurance provider’s stock valued at $54,015,000 after purchasing an additional 192,077 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Old Republic International by 1.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,619,739 shares of the insurance provider’s stock valued at $34,630,000 after purchasing an additional 20,050 shares during the last quarter. Finally, Capital Returns Management LLC raised its stake in Old Republic International by 37.1% in the 3rd 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. 73.44% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Glenn W. Reed bought 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average cost of $20.43 per share, with a total value of $102,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.
Several research analysts recently commented on ORI shares. Zacks Investment Research raised Old Republic International from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research note on Wednesday, December 20th. JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Finally, ValuEngine raised Old Republic International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.00.
Old Republic International (NYSE ORI) opened at $21.17 on Friday. Old Republic International has a 52 week low of $17.92 and a 52 week high of $22.34. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5,790.97, a price-to-earnings ratio of 11.03 and a beta of 1.36.
Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts predict that Old Republic International will post 1.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a $0.195 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.68%. Old Republic International’s dividend payout ratio (DPR) is 40.63%.
TRADEMARK VIOLATION WARNING: “Old Republic International (ORI) Stake Lifted by Advisor Group Inc.” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/03/23/old-republic-international-ori-stake-lifted-by-advisor-group-inc.html.
About Old Republic International
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International (NYSE:ORI).
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.