denkapparat Operations GmbH Invests $259,000 in Old Republic International Co. (NYSE:ORI)

denkapparat Operations GmbH purchased a new position in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,162 shares of the insurance provider’s stock, valued at approximately $259,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Old Republic International in the 4th quarter valued at $105,581,000. Raymond James Financial Inc. acquired a new stake in Old Republic International in the fourth quarter valued at about $67,054,000. JPMorgan Chase & Co. grew its position in Old Republic International by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 891,112 shares of the insurance provider’s stock valued at $32,249,000 after acquiring an additional 39,620 shares during the last quarter. Systematic Financial Management LP raised its stake in Old Republic International by 9.6% during the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after acquiring an additional 77,583 shares in the last quarter. Finally, Boston Financial Mangement LLC raised its stake in Old Republic International by 1.2% during the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock worth $28,416,000 after acquiring an additional 9,011 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Down 0.2 %

Shares of ORI opened at $38.98 on Friday. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 14.82 and a beta of 0.83. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a fifty day moving average of $37.04 and a 200-day moving average of $36.41.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating 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, sell-side analysts anticipate 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 was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.98%. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Insiders Place Their Bets

In related news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction 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 sale, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’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 transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $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 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.

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.