EverSource Wealth Advisors LLC Buys 592 Shares of Old Republic International Co. (NYSE:ORI)

EverSource Wealth Advisors LLC raised its stake in shares of Old Republic International Co. (NYSE:ORI) by 17.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,989 shares of the insurance provider’s stock after purchasing an additional 592 shares during the period. EverSource Wealth Advisors LLC’s holdings in Old Republic International were worth $144,000 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 ORI. Venturi Wealth Management LLC lifted its position in Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the period. Berry Wealth Group LP raised its holdings in Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after buying an additional 310 shares during the last quarter. SPC Financial Inc. boosted its position in Old Republic International by 1.8% during the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock valued at $652,000 after buying an additional 312 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock worth $1,580,733 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Old Republic International Price Performance

Shares of ORI stock opened at $37.50 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The firm has a market cap of $9.31 billion, a P/E ratio of 14.26 and a beta of 0.83. The business’s 50 day moving average price is $36.40 and its 200-day moving average price is $36.26.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.29 dividend. 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 yield of 3.09%. The ex-dividend date is Monday, March 10th. Old Republic International’s dividend payout ratio is presently 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.