Commonwealth Equity Services LLC Sells 1,787 Shares of Old Republic International Co. (NYSE:ORI)

Commonwealth Equity Services LLC cut its stake in Old Republic International Co. (NYSE:ORI) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,653 shares of the insurance provider’s stock after selling 1,787 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Old Republic International worth $6,248,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORI. Raymond James Financial Inc. bought a new stake in Old Republic International in the fourth quarter worth $67,054,000. Point72 Asset Management L.P. lifted its position in Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Old Republic International in the third quarter worth $7,965,000. Orca Wealth Management LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $5,209,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $5,409,000. 70.92% of the stock is currently owned by institutional investors.

Insider Activity

In other Old Republic International news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Down 0.4 %

NYSE:ORI opened at $37.61 on Friday. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83. The stock has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $36.30. 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 announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. Analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Analysts Set New Price Targets

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 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.