Los Angeles Capital Management LLC Has $549,000 Stock Position in Old Republic International Co. (NYSE:ORI)

Los Angeles Capital Management LLC cut its position in Old Republic International Co. (NYSE:ORI) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,170 shares of the insurance provider’s stock after selling 7,265 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Old Republic International were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. increased its position in Old Republic International by 162.4% in the 3rd 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 period. Edgestream Partners L.P. bought a new position in Old Republic International during the third quarter worth $7,965,000. Orca Wealth Management LLC bought a new position in Old Republic International during the fourth quarter worth $5,209,000. Franklin Resources Inc. raised its stake in Old Republic International by 39.6% during the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after purchasing an additional 128,896 shares during the last quarter. Finally, Barclays PLC grew its position in Old Republic International by 51.3% in the 3rd quarter. Barclays PLC now owns 272,914 shares of the insurance provider’s stock worth $9,665,000 after purchasing an additional 92,591 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Old Republic International Price Performance

Shares of ORI stock opened at $38.66 on Tuesday. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The company has a market capitalization of $9.80 billion, a P/E ratio of 14.70 and a beta of 0.88. The stock has a 50 day moving average of $36.15 and a two-hundred day moving average of $36.11. 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 issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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%. As a group, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.00%. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.