Old Republic International Co. (NYSE:ORI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Old Republic International Co. (NYSE:ORI) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,211 shares of the insurance provider’s stock after selling 10,847 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Old Republic International worth $11,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Old Republic International in the 3rd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new stake in Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Old Republic International in the 4th quarter valued at approximately $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the 4th quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC purchased a new stake in Old Republic International in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 4.9 %

Shares of NYSE ORI opened at $37.09 on Thursday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.84. The company has a market cap of $9.17 billion, a P/E ratio of 14.10 and a beta of 0.68. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $37.23 and a 200 day moving average price of $36.57.

Old Republic International (NYSE:ORI) last announced its 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 return on equity of 20.32% and a net margin of 10.36%. Research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.13%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Insider Buying and Selling

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler increased their price target on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st.

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.