Old Republic International Co. (NYSE:ORI) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 36.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,313 shares of the insurance provider’s stock after acquiring an additional 5,377 shares during the period. Navellier & Associates Inc.’s holdings in Old Republic International were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hamlin Capital Management LLC raised its position in shares of Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Old Republic International by 9.6% during the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after acquiring an additional 77,583 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Old Republic International by 5.3% during the 3rd 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. Boston Financial Mangement LLC raised its position in shares of Old Republic International by 1.2% during the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock worth $28,416,000 after acquiring an additional 9,011 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Up 0.2 %

Shares of ORI stock opened at $36.51 on Friday. The business’s 50 day moving average is $35.98 and its two-hundred day moving average is $35.93. Old Republic International Co. has a twelve month low of $28.20 and a twelve month high of $39.27. The company has a market capitalization of $9.26 billion, a P/E ratio of 13.88 and a beta of 0.88. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

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

Old Republic International Dividend Announcement

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

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International 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 owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

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

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.