Handelsbanken Fonder AB Sells 6,500 Shares of Old Republic International Co. (NYSE:ORI)

Handelsbanken Fonder AB cut its holdings in Old Republic International Co. (NYSE:ORI) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,171 shares of the insurance provider’s stock after selling 6,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Old Republic International were worth $2,141,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ieq Capital LLC purchased a new stake in Old Republic International in the fourth quarter worth $1,191,000. Venturi Wealth Management LLC lifted its holdings in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after buying an additional 295 shares during the period. Truist Financial Corp grew its position in shares of Old Republic International by 7.5% during the 4th quarter. Truist Financial Corp now owns 20,545 shares of the insurance provider’s stock worth $744,000 after buying an additional 1,425 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Old Republic International by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,627 shares of the insurance provider’s stock valued at $312,000 after buying an additional 464 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in Old Republic International by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 121,998 shares of the insurance provider’s stock worth $4,501,000 after acquiring an additional 1,876 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Old Republic International Price Performance

Shares of NYSE ORI opened at $37.28 on Wednesday. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 14.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm’s 50 day simple moving average is $35.97 and its 200-day simple moving average is $35.97. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data 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%. Analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

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

Analyst Ratings Changes

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

Old Republic International 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.