21,400 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in shares of Old Republic International Co. (NYSE:ORI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 21,400 shares of the insurance provider’s stock, valued at approximately $774,000.

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

Wall Street Analysts Forecast Growth

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

Old Republic International Trading Down 0.4 %

ORI opened at $37.61 on Monday. The stock has a market cap of $9.33 billion, a PE ratio of 14.30 and a beta of 0.83. The business has a 50 day moving average of $36.68 and a 200-day moving average of $36.30. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

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

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date 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 is 44.11%.

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares of the company’s stock, 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. Over the last quarter, insiders sold 43,039 shares of company stock valued at $1,580,733. Corporate insiders own 1.00% of the company’s stock.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.