Old Republic International Co. (NYSE:ORI) Shares Acquired by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY grew its stake in Old Republic International Co. (NYSE:ORI) by 9.3% in the fourth quarter, Holdings Channel reports. The fund owned 7,866 shares of the insurance provider’s stock after purchasing an additional 671 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Old Republic International were worth $285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after purchasing an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after buying an additional 19,400 shares during the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $5,209,000. Finally, JPMorgan Chase & Co. increased its stake in Old Republic International by 5.3% during the third 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 during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Stock Up 1.7 %

Shares of NYSE:ORI opened at $38.49 on Friday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 14.63 and a beta of 0.88. The business has a 50-day moving average price of $36.10 and a 200 day moving average price of $36.05. 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 posted 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 net margin of 10.36% and a return on equity of 20.32%. Sell-side analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.29 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.01%. Old Republic International’s payout ratio is presently 40.30%.

Insider Activity

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of 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 represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.