21,400 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,400 shares of the insurance provider’s stock, valued at approximately $774,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the third quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new position in Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International during the 4th quarter valued at $34,000. Core Alternative Capital purchased a new stake in shares of Old Republic International during the fourth quarter worth $36,000. Finally, Synergy Asset Management LLC bought a new position in shares of Old Republic International in the fourth quarter worth $39,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 Trading Down 0.4 %

Shares of Old Republic International stock opened at $37.61 on Monday. The company’s 50-day moving average price is $36.68 and its 200-day moving average price is $36.30. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 14.30 and a beta of 0.83. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI) last announced its quarterly 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 net margin of 10.36% and a return on equity of 20.32%. On average, equities analysts expect 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. This represents a $1.16 annualized dividend and a yield of 3.08%. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s payout ratio is presently 44.11%.

Insiders Place Their Bets

In related news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. The trade was a 37.10 % 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 worth $1,580,733 in the last ninety days. 1.00% of the stock is currently owned by insiders.

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.