Fairway Wealth LLC Takes Position in Old Republic International Co. (NYSE:ORI)

Fairway Wealth LLC bought a new stake in Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 800 shares of the insurance provider’s stock, valued at approximately $29,000.

A number of other hedge funds also recently modified their holdings of the business. Miller Financial Services LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at $545,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Old Republic International by 1.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,881 shares of the insurance provider’s stock valued at $2,276,000 after purchasing an additional 1,180 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Old Republic International during the fourth quarter valued at $67,054,000. Proficio Capital Partners LLC acquired a new stake in Old Republic International during the fourth quarter valued at $3,573,000. Finally, SPC Financial Inc. boosted its position in Old Republic International by 1.8% during the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock valued at $652,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,582 shares of company stock worth $578,552. Company insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.52 on Tuesday. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The business has a 50-day moving average of $36.24 and a two-hundred day moving average of $36.20. The stock has a market capitalization of $9.06 billion, a P/E ratio of 13.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

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

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.18%. Old Republic International’s payout ratio is presently 44.11%.

Wall Street Analyst Weigh In

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

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.