Cornerstone Investment Partners LLC Acquires Shares of 7,830 Old Republic International Co. (NYSE:ORI)

Cornerstone Investment Partners LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,830 shares of the insurance provider’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ORI. Point72 Asset Management L.P. grew its stake in shares of Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after acquiring an additional 377,605 shares during the period. Edgestream Partners L.P. bought a new position in shares of Old Republic International during the 3rd quarter worth $7,965,000. Orca Wealth Management LLC bought a new position in shares of Old Republic International during the 4th quarter worth $5,209,000. Franklin Resources Inc. grew its stake in shares of Old Republic International by 39.6% during the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock worth $16,209,000 after acquiring an additional 128,896 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Old Republic International during the 4th quarter worth $3,573,000. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the firm’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 sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

Shares of ORI opened at $38.66 on Tuesday. The stock’s 50-day simple moving average is $36.15 and its 200 day simple moving average is $36.11. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.70 and a beta of 0.88. 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 52-week low of $28.59 and a 52-week high of $39.27.

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, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued 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 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 is 44.11%.

Old Republic International 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.