Old Republic International Co. (NYSE:ORI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in Old Republic International Co. (NYSE:ORI) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,400 shares of the insurance provider’s stock after selling 5,807 shares during the quarter. PNC Financial Services Group Inc. owned about 0.07% of Old Republic International worth $6,601,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International in the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Old Republic International in the 4th quarter valued at $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the 4th quarter valued at $36,000. Synergy Asset Management LLC purchased a new stake in Old Republic International in the 4th quarter valued at $39,000. Finally, Crews Bank & Trust purchased a new stake in Old Republic International in the 4th quarter valued at $40,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Performance

NYSE ORI opened at $36.48 on Thursday. The stock has a market cap of $9.06 billion, a PE ratio of 13.87 and a beta of 0.83. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The stock has a fifty day simple moving average of $36.26 and a 200-day simple moving average of $36.21.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.18%. Old Republic International’s dividend payout ratio is presently 44.11%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,582 shares of company stock valued at $578,552. Corporate insiders own 0.78% of the company’s stock.

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.