Orion Portfolio Solutions LLC Sells 30,314 Shares of Old Republic International Co. (NYSE:ORI)

Orion Portfolio Solutions LLC cut its holdings in Old Republic International Co. (NYSE:ORI) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,096 shares of the insurance provider’s stock after selling 30,314 shares during the period. Orion Portfolio Solutions LLC’s holdings in Old Republic International were worth $2,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in Old Republic International during the fourth quarter worth approximately $105,581,000. Raymond James Financial Inc. bought a new position in shares of Old Republic International during the 4th quarter valued at approximately $67,054,000. Point72 Asset Management L.P. raised its holdings in Old Republic International by 162.4% during 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 buying an additional 377,605 shares during the period. Orca Wealth Management LLC purchased a new position in Old Republic International during the fourth quarter worth $5,209,000. Finally, Wealthfront Advisers LLC bought a new position in Old Republic International during the fourth quarter valued at $5,409,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

Old Republic International stock opened at $39.83 on Thursday. 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 company has a market capitalization of $9.89 billion, a PE ratio of 15.14 and a beta of 0.83. The company has a 50 day moving average price of $37.25 and a 200-day moving average price of $36.53. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results 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%. As a group, equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.91%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

Insider Buying and Selling

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $1,580,733 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ORI shares. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.