Millstone Evans Group LLC Makes New $41,000 Investment in Old Republic International Co. (NYSE:ORI)

Millstone Evans Group LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,146 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other large investors have also made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in shares of Old Republic International by 18.6% in the fourth quarter. Teacher Retirement System of Texas now owns 176,627 shares of the insurance provider’s stock valued at $6,392,000 after purchasing an additional 27,733 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Old Republic International in the 4th quarter valued at $133,000. Xponance Inc. raised its stake in shares of Old Republic International by 2.3% in the 4th quarter. Xponance Inc. now owns 27,748 shares of the insurance provider’s stock valued at $1,004,000 after buying an additional 626 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Old Republic International by 6.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 15,761 shares of the insurance provider’s stock valued at $570,000 after acquiring an additional 960 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Craig R. Smiddy sold 5,296 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction 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. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock worth $1,580,733 in the last three months. Insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $38.40 on Tuesday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 14.60 and a beta of 0.83. The business’s fifty day moving average price is $36.77 and its two-hundred day moving average price is $36.32. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. 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 earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is 44.11%.

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.