Wealthfront Advisers LLC Invests $5.41 Million in Old Republic International Co. (NYSE:ORI)

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

Several other institutional investors have also modified their holdings of ORI. Raymond James Financial Inc. acquired a new position in shares of Old Republic International in the fourth quarter worth about $67,054,000. Point72 Asset Management L.P. lifted its stake in shares of Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after acquiring an additional 377,605 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Old Republic International in the third quarter worth about $7,965,000. Orca Wealth Management LLC acquired a new position in shares of Old Republic International in the fourth quarter worth about $5,209,000. Finally, Franklin Resources Inc. lifted its stake in shares of Old Republic International by 39.6% in the third quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock worth $16,209,000 after acquiring an additional 128,896 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction on 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 in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their position. The sale 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 firm’s 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 directly owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,582 shares of company stock valued at $578,552. 0.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Old Republic International Trading Down 0.5 %

Shares of NYSE ORI opened at $36.48 on Thursday. The stock’s 50 day moving average price is $36.26 and its two-hundred day moving average price is $36.21. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27. The stock has a market capitalization 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 (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. On average, analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 yield of 3.18%. This is a positive change 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 dividend payout ratio is 44.11%.

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.