Los Angeles Capital Management LLC Has $549,000 Stock Position in Old Republic International Co. (NYSE:ORI)

Los Angeles Capital Management LLC lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,170 shares of the insurance provider’s stock after selling 7,265 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Old Republic International were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORI. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the 3rd quarter valued at $28,000. Core Alternative Capital acquired a new position in Old Republic International during the fourth quarter valued at $36,000. Synergy Asset Management LLC acquired a new position in Old Republic International during the fourth quarter valued at $39,000. Crews Bank & Trust acquired a new position in Old Republic International during the fourth quarter valued at $40,000. Finally, FSA Wealth Management LLC purchased a new stake in Old Republic International in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Old Republic International Trading Up 0.4 %

Shares of NYSE:ORI opened at $38.66 on Tuesday. The firm has a fifty day moving average of $36.15 and a two-hundred day moving average of $36.11. 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 12-month low of $28.59 and a 12-month high of $39.27. The firm has a market capitalization of $9.80 billion, a P/E ratio of 14.70 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its quarterly earnings data 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 return on equity of 20.32% and a net margin of 10.36%. On average, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.29 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.00%. Old Republic International’s payout ratio is presently 44.11%.

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.