Old Republic International Co. (NYSE:ORI) is Miller Howard Investments Inc. NY’s 10th Largest Position

Miller Howard Investments Inc. NY lessened its stake in Old Republic International Co. (NYSE:ORI) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,049,247 shares of the insurance provider’s stock after selling 266,887 shares during the period. Old Republic International accounts for approximately 2.4% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 10th largest position. Miller Howard Investments Inc. NY’s holdings in Old Republic International were worth $74,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Atomi Financial Group Inc. lifted its stake in 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 valued at $279,000 after buying an additional 302 shares during the last quarter. Berry Wealth Group LP increased 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 during the period. Integrated Wealth Concepts LLC boosted its stake in 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 worth $2,965,000 after purchasing an additional 315 shares during the period. UMB Bank n.a. grew its position in Old Republic International by 2.4% during the 4th 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 during the last quarter. Finally, Raymond James Trust N.A. increased its stake in 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 valued at $879,000 after purchasing an additional 429 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International 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 directly owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ORI shares. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st. Piper Sandler lifted their price objective 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.

Old Republic International Stock Down 0.5 %

ORI opened at $36.57 on Friday. The business has a 50 day simple moving average of $36.18 and a 200-day simple moving average of $35.73. The stock has a market capitalization of $9.27 billion, a P/E ratio of 13.90 and a beta of 0.88. 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 Co. has a 12 month low of $27.19 and a 12 month high of $39.27.

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

Old Republic International Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 40.30%.

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.