Old Republic International Co. (NYSE:ORI) Shares Sold by Providence Capital Advisors LLC

Providence Capital Advisors LLC reduced its stake in Old Republic International Co. (NYSE:ORI) by 24.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,972 shares of the insurance provider’s stock after selling 23,819 shares during the quarter. Providence Capital Advisors LLC’s holdings in Old Republic International were worth $2,713,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value 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. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,039 shares of company stock valued at $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Trading Up 1.1 %

ORI opened at $39.08 on Friday. The business has a fifty day moving average price of $36.98 and a 200 day moving average price of $36.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.38. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 14.86 and a beta of 0.83.

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

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Monday, March 10th. Old Republic International’s payout ratio is presently 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.