Wealthfront Advisers LLC Purchases New Stake in Old Republic International Co. (NYSE:ORI)

Wealthfront Advisers LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 142,039 shares of the insurance provider’s stock, valued at approximately $5,409,000. Wealthfront Advisers LLC owned about 0.06% of Old Republic International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the third quarter worth $28,000. Fairway Wealth LLC acquired a new position in Old Republic International during the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International during the fourth quarter worth $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International in the fourth quarter worth $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International in the fourth quarter worth $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Republic International

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 stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at $5,335,369.20. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,582 shares of company stock valued at $578,552. Company insiders own 0.78% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.48 on Thursday. The company has a market cap of $9.06 billion, a P/E ratio of 13.87 and a beta of 0.83. 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 Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The business 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 posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating 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 research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

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

Analyst Upgrades and Downgrades

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

Old Republic International 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.