Rhumbline Advisers Decreases Holdings in Old Republic International Co. (NYSE:ORI)

Rhumbline Advisers lowered its position in Old Republic International Co. (NYSE:ORI) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 671,568 shares of the insurance provider’s stock after selling 12,510 shares during the quarter. Rhumbline Advisers owned about 0.26% of Old Republic International worth $24,304,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ORI. Hamlin Capital Management LLC increased its holdings in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after acquiring an additional 377,605 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Old Republic International in the 3rd quarter worth about $7,965,000. Orca Wealth Management LLC purchased a new stake in Old Republic International in the 4th quarter worth about $5,209,000. Finally, Franklin Resources Inc. increased its holdings in Old Republic International by 39.6% in the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock worth $16,209,000 after acquiring an additional 128,896 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Old Republic International Stock Up 0.1 %

Shares of NYSE ORI opened at $36.59 on Thursday. Old Republic International Co. has a 52 week low of $28.20 and a 52 week high of $39.27. The business has a 50-day simple moving average of $35.98 and a two-hundred day simple moving average of $35.89. 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 company has a market cap of $9.28 billion, a P/E ratio of 13.91 and a beta of 0.88.

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 the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

Insiders Place Their Bets

In other 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 transaction of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the senior vice president now 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 position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

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.