Swiss National Bank Sells 21,000 Shares of Old Republic International Co. (NYSE:ORI)

Swiss National Bank reduced its position in Old Republic International Co. (NYSE:ORI) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 483,000 shares of the insurance provider’s stock after selling 21,000 shares during the quarter. Swiss National Bank owned about 0.19% of Old Republic International worth $17,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new position in Old Republic International in the 4th quarter valued at about $220,000. EverSource Wealth Advisors LLC grew its holdings in shares of Old Republic International by 17.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,989 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 592 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Old Republic International by 10.6% during the 4th quarter. HighTower Advisors LLC now owns 54,852 shares of the insurance provider’s stock valued at $1,985,000 after purchasing an additional 5,243 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Old Republic International by 2.2% during the 4th quarter. Moors & Cabot Inc. now owns 23,030 shares of the insurance provider’s stock valued at $833,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at approximately $5,409,000. 70.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock valued at $1,580,733 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Old Republic International Trading Down 0.6 %

Shares of Old Republic International stock opened at $37.26 on Wednesday. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. 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 firm has a market capitalization of $9.25 billion, a PE ratio of 14.17 and a beta of 0.83. The firm’s 50 day moving average is $36.46 and its 200 day moving average is $36.27.

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%. Equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International’s payout ratio is presently 44.11%.

About Old Republic International

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.