Woodmont Investment Counsel LLC Lowers Stock Holdings in Old Republic International Co. (NYSE:ORI)

Woodmont Investment Counsel LLC decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,464 shares of the insurance provider’s stock after selling 964 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Old Republic International were worth $4,541,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ORI. Natixis Advisors LLC lifted its stake in shares of Old Republic International by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 61,528 shares of the insurance provider’s stock valued at $2,179,000 after buying an additional 8,136 shares in the last quarter. Caprock Group LLC increased its holdings in Old Republic International by 5.8% in the 3rd quarter. Caprock Group LLC now owns 10,123 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 553 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Old Republic International in the 3rd quarter valued at $2,705,000. Raymond James Trust N.A. increased its holdings in Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 429 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Old Republic International by 11.4% in the 3rd quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider’s stock valued at $498,000 after acquiring an additional 1,434 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction 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 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 $37.61 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market cap of $9.33 billion, a P/E ratio of 14.30 and a beta of 0.83. The firm’s fifty day moving average is $36.68 and its two-hundred day moving average is $36.30. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27.

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

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is an increase 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%. Old Republic International’s payout ratio is 44.11%.

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.