Y Intercept Hong Kong Ltd Acquires 33,622 Shares of Old Republic International Co. (NYSE:ORI)

Y Intercept Hong Kong Ltd lifted its holdings in Old Republic International Co. (NYSE:ORI) by 147.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,386 shares of the insurance provider’s stock after acquiring an additional 33,622 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Old Republic International were worth $2,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in 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 worth $677,000 after purchasing an additional 295 shares during the period. Atomi Financial Group Inc. raised its position in 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 worth $279,000 after purchasing an additional 302 shares during the period. Berry Wealth Group LP raised its position in 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 worth $226,000 after purchasing an additional 310 shares during the period. Integrated Wealth Concepts LLC raised its position in 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 worth $2,965,000 after purchasing an additional 315 shares during the period. Finally, UMB Bank n.a. raised its position in 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 worth $624,000 after purchasing an additional 408 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $36.81 on Tuesday. The firm has a market cap of $9.33 billion, a PE ratio of 13.99 and a beta of 0.88. The firm’s 50 day simple moving average is $35.97 and its 200-day simple moving average is $35.97. Old Republic International Co. has a one year low of $28.59 and a one 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 earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. As a group, equities analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

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

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.