Advisor Group Inc. grew its position in Old Republic International Co. (NYSE:ORI) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,697 shares of the insurance provider’s stock after acquiring an additional 4,288 shares during the period. Advisor Group Inc.’s holdings in Old Republic International were worth $1,105,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Old Republic International by 40.9% during the 3rd quarter. Victory Capital Management Inc. now owns 844,321 shares of the insurance provider’s stock worth $18,896,000 after buying an additional 245,144 shares in the last quarter. Private Advisor Group LLC purchased a new position in Old Republic International in the 3rd quarter valued at approximately $387,000. Wells Fargo & Company MN increased its stake in Old Republic International by 0.6% in the 3rd quarter. Wells Fargo & Company MN now owns 726,232 shares of the insurance provider’s stock valued at $16,253,000 after purchasing an additional 4,293 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Old Republic International in the 3rd quarter valued at approximately $540,000. Finally, ING Groep NV increased its stake in Old Republic International by 13.1% in the 3rd quarter. ING Groep NV now owns 43,463 shares of the insurance provider’s stock valued at $973,000 after purchasing an additional 5,045 shares in the last quarter. 73.08% of the stock is owned by institutional investors.
In related news, CEO Aldo C. Zucaro bought 5,000 shares of the stock in a transaction on Monday, January 28th. The shares were purchased at an average price of $19.87 per share, for a total transaction of $99,350.00. Following the acquisition, the chief executive officer now owns 1,260,080 shares in the company, valued at $25,037,789.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have acquired 5,600 shares of company stock worth $111,870. 1.90% of the stock is owned by insiders.
Shares of NYSE:ORI opened at $20.89 on Friday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 11.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 0.46. Old Republic International Co. has a one year low of $19.52 and a one year high of $23.05.
Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Old Republic International had a return on equity of 10.79% and a net margin of 6.15%. Old Republic International’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, equities research analysts forecast that Old Republic International Co. will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Monday, March 4th. This is a boost from Old Republic International’s previous quarterly dividend of $0.20. Old Republic International’s dividend payout ratio is 43.01%.
ORI has been the subject of several research analyst reports. TheStreet downgraded Old Republic International from a “b” rating to a “c+” rating in a research note on Thursday, January 24th. Zacks Investment Research cut Old Republic International from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th.
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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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
Further Reading: Beta
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