FCA Corp TX Has $3.30 Million Holdings in Old Republic International Co. (NYSE:ORI)

FCA Corp TX cut its holdings in Old Republic International Co. (NYSE:ORI) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,075 shares of the insurance provider’s stock after selling 450 shares during the quarter. FCA Corp TX’s holdings in Old Republic International were worth $3,296,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Old Republic International in the fourth quarter valued at about $67,054,000. Systematic Financial Management LP boosted its stake in shares of Old Republic International by 9.6% during the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock valued at $31,268,000 after purchasing an additional 77,583 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in shares of Old Republic International by 1.2% during the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock valued at $28,416,000 after purchasing an additional 9,011 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after purchasing an additional 377,605 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Old Republic International Stock Performance

Shares of ORI stock opened at $37.61 on Friday. The business’s 50-day moving average price is $36.68 and its 200-day moving average price is $36.30. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83. 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 data on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. Equities research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. 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 3.08%. The ex-dividend date was Monday, March 10th. Old Republic International’s payout ratio is currently 44.11%.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 over the last ninety days. 1.00% of the stock is owned by company insiders.

About Old Republic International

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.