Boston Financial Mangement LLC Has $28.42 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Boston Financial Mangement LLC grew its stake in Old Republic International Co. (NYSE:ORI) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 785,190 shares of the insurance provider’s stock after acquiring an additional 9,011 shares during the period. Boston Financial Mangement LLC owned 0.31% of Old Republic International worth $28,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC grew its stake in Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after buying an additional 302 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after buying an additional 19,400 shares in the last quarter. Orca Wealth Management LLC acquired a new position in Old Republic International during the fourth quarter worth $5,209,000. Finally, JPMorgan Chase & Co. raised its position in Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Insider Activity

In related news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE ORI opened at $36.59 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $35.98 and its two-hundred day moving average price is $35.89. The company has a market cap of $9.28 billion, a PE ratio of 13.91 and a beta of 0.88. Old Republic International Co. has a twelve month low of $28.20 and a twelve month high of $39.27.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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%. On average, analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

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.