EverSource Wealth Advisors LLC Increases Holdings in Old Republic International Co. (NYSE:ORI)

EverSource Wealth Advisors LLC lifted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,989 shares of the insurance provider’s stock after purchasing an additional 592 shares during the period. EverSource Wealth Advisors LLC’s holdings in Old Republic International were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the third quarter worth about $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International in the fourth quarter valued at approximately $34,000. Core Alternative Capital bought a new position in Old Republic International during the fourth quarter valued at $36,000. Finally, Synergy Asset Management LLC purchased a new stake in Old Republic International in the fourth quarter worth $39,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

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.

Insiders Place Their Bets

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction 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 owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 in the last quarter. 1.00% of the stock is owned by company insiders.

Old Republic International Price Performance

ORI opened at $37.50 on Tuesday. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 14.26 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. The firm has a 50-day moving average price of $36.40 and a 200-day moving average price of $36.26. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27.

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

Old Republic International Increases Dividend

The business 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 dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. Old Republic International’s dividend payout ratio is 44.11%.

Old Republic International Company 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.