Xponance Inc. Boosts Stock Position in Old Republic International Co. (NYSE:ORI)

Xponance Inc. grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,748 shares of the insurance provider’s stock after buying an additional 626 shares during the period. Xponance Inc.’s holdings in Old Republic International were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Axxcess Wealth Management LLC lifted its stake in Old Republic International by 6.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 15,761 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 960 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock worth $683,000 after buying an additional 290 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Old Republic International by 14.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,108 shares of the insurance provider’s stock valued at $366,000 after buying an additional 1,310 shares in the last quarter. Ironwood Investment Management LLC grew its position in shares of Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock valued at $850,000 after buying an additional 301 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in Old Republic International by 9.8% during the 4th quarter. Brandes Investment Partners LP now owns 28,790 shares of the insurance provider’s stock worth $1,042,000 after acquiring an additional 2,567 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Down 0.4 %

ORI opened at $37.61 on Monday. 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’s 50 day moving average is $36.68 and its two-hundred day moving average is $36.30. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83.

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

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. Old Republic International’s dividend payout ratio is 44.11%.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research note 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.