Old Mutual Global Investors UK Ltd. acquired a new stake in Old Republic International Co. (NYSE:ORI) during the fourth quarter, HoldingsChannel reports. The fund acquired 25,575 shares of the insurance provider’s stock, valued at approximately $546,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORI. Valeo Financial Advisors LLC acquired a new position in Old Republic International in the third quarter valued at approximately $118,000. Bessemer Group Inc. acquired a new position in Old Republic International in the fourth quarter valued at approximately $145,000. DekaBank Deutsche Girozentrale lifted its holdings in Old Republic International by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,999 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 3,513 shares during the last quarter. Narus Financial Partners LLC acquired a new position in Old Republic International in the third quarter valued at approximately $206,000. Finally, Moors & Cabot Inc. acquired a new position in Old Republic International in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Old Republic International Co. (NYSE:ORI) opened at $20.98 on Friday. Old Republic International Co. has a twelve month low of $17.92 and a twelve month high of $22.34. The company has a market capitalization of $5,534.67, a P/E ratio of 18.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.51.
Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. equities analysts anticipate that Old Republic International Co. will post 1.7 EPS for the current fiscal year.
The company also recently declared a None dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, January 9th. Old Republic International’s dividend payout ratio (DPR) is 39.58%.
In other news, Director Glenn W. Reed purchased 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were bought at an average cost of $20.43 per share, for a total transaction of $102,150.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Karl W. Mueller sold 19,052 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $400,092.00. Following the transaction, the chief financial officer now owns 5,331 shares in the company, valued at $111,951. The disclosure for this sale can be found here. Insiders have sold 81,552 shares of company stock worth $1,711,992 over the last 90 days. 2.00% of the stock is owned by insiders.
A number of research analysts recently commented on ORI shares. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, January 24th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $25.00 in a report on Monday, October 30th. Finally, JMP Securities upgraded Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday, February 12th.
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Old Republic International Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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