Assetmark Inc. Increases Stake in Old Republic International Co. (NYSE:ORI)

Assetmark Inc. increased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,237 shares of the insurance provider’s stock after buying an additional 6,923 shares during the period. Assetmark Inc.’s holdings in Old Republic International were worth $4,134,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORI. Venturi Wealth Management LLC increased its position in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Atomi Financial Group Inc. increased its position 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 purchasing an additional 302 shares during the last quarter. Berry Wealth Group LP increased its position in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 310 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after purchasing an additional 315 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Old Republic International by 2.4% in the 4th quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 408 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Down 1.3 %

Shares of Old Republic International stock opened at $37.28 on Friday. The company has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $36.18. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 14.17 and a beta of 0.83.

Old Republic International (NYSE:ORI) last issued 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 net margin of 10.36% and a return on equity of 20.32%. On average, equities analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is presently 44.11%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, SVP Jeffrey Lange sold 1,098 shares of the 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 owns 34,679 shares in the company, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, 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 quarter, insiders sold 15,582 shares of company stock worth $578,552. 1.00% of the stock is owned by insiders.

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.