State of Alaska Department of Revenue Trims Stock Position in Old Republic International Co. (NYSE:ORI)

State of Alaska Department of Revenue cut its position in Old Republic International Co. (NYSE:ORI) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,192 shares of the insurance provider’s stock after selling 1,030 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Old Republic International worth $7,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ORI. Atomi Financial Group Inc. raised its position 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 in the last quarter. Berry Wealth Group LP raised its holdings in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 310 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Old Republic International by 0.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after acquiring an additional 315 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after purchasing an additional 408 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Old Republic International by 1.8% in the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 429 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’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 value of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $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. Company insiders own 0.78% of the company’s stock.

Old Republic International Price Performance

ORI opened at $36.57 on Friday. 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 stock has a market capitalization of $9.27 billion, a P/E ratio of 13.90 and a beta of 0.88. The stock has a 50-day moving average price of $36.23 and a 200-day moving average price of $35.70. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 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%. Equities analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 40.30%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORI. Piper Sandler lifted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

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.