Mutual of America Capital Management LLC Reduces Holdings in Old Republic International Co. (NYSE:ORI)

Mutual of America Capital Management LLC lowered its position in Old Republic International Co. (NYSE:ORI) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 123,225 shares of the insurance provider’s stock after selling 5,304 shares during the period. Mutual of America Capital Management LLC’s holdings in Old Republic International were worth $4,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. Systematic Financial Management LP raised its position in shares of Old Republic International by 9.6% in the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock valued at $31,268,000 after buying an additional 77,583 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in Old Republic International by 1.2% in the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock worth $28,416,000 after purchasing an additional 9,011 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after purchasing an additional 377,605 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Old Republic International by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 561,406 shares of the insurance provider’s stock valued at $19,885,000 after purchasing an additional 1,999 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the business’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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Trading Down 3.2 %

Shares of ORI stock opened at $37.47 on Wednesday. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 14.25 and a beta of 0.88. The company’s 50-day moving average price is $36.17 and its 200-day moving average price is $36.13. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.10%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analyst Upgrades and Downgrades

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

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.