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

PNC Financial Services Group Inc. lessened its position in shares of Old Republic International Co. (NYSE:ORI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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.’s holdings in Old Republic International were worth $6,601,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORI. Raymond James Financial Inc. purchased a new position in shares of Old Republic International in the 4th quarter valued at approximately $67,054,000. Proficio Capital Partners LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at approximately $3,573,000. SPC Financial Inc. grew its stake in shares of Old Republic International by 1.8% in the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock valued at $652,000 after purchasing an additional 312 shares during the last quarter. Assetmark Inc. grew its stake in shares of Old Republic International by 6.5% in the 4th quarter. Assetmark Inc. now owns 114,237 shares of the insurance provider’s stock valued at $4,134,000 after purchasing an additional 6,923 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at approximately $283,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Performance

Shares of ORI stock opened at $36.48 on Thursday. The stock has a fifty day moving average price of $36.26 and a 200 day moving average price of $36.21. The stock has a market cap of $9.06 billion, a PE ratio of 13.87 and a beta of 0.83. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. Sell-side analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

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

Insider Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction on 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 owns 138,222 shares of the company’s stock, valued at $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock valued at $578,552 over the last three months. 0.78% of the stock is currently 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.