Rodgers Brothers Inc. Grows Stake in Old Republic International Co. (NYSE:ORI)

Rodgers Brothers Inc. boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 115.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,300 shares of the insurance provider’s stock after acquiring an additional 85,950 shares during the quarter. Rodgers Brothers Inc. owned about 0.06% of Old Republic International worth $5,801,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Summit Financial LLC boosted its stake in shares of Old Republic International by 6.1% during the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 347 shares during the period. Maridea Wealth Management LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $269,000. denkapparat Operations GmbH bought a new position in shares of Old Republic International during the fourth quarter valued at approximately $259,000. Pictet Asset Management Holding SA raised its holdings in shares of Old Republic International by 2.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,135 shares of the insurance provider’s stock worth $1,235,000 after buying an additional 850 shares during the period. Finally, Norges Bank bought a new stake in shares of Old Republic International during the 4th quarter worth approximately $105,581,000. 70.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction 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 directly 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 a total of 43,039 shares of company stock worth $1,580,733 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered 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 $38.98 on Monday. The company has a market capitalization of $9.67 billion, a P/E ratio of 14.82 and a beta of 0.83. The company’s 50-day simple moving average is $37.04 and its two-hundred day simple moving average is $36.44. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

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

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change 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 2.98%. Old Republic International’s dividend payout ratio is 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.