AMJ Financial Wealth Management Lowers Stock Holdings in Old Republic International Co. (NYSE:ORI)

AMJ Financial Wealth Management reduced its position in Old Republic International Co. (NYSE:ORI) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,353 shares of the insurance provider’s stock after selling 947 shares during the quarter. AMJ Financial Wealth Management’s holdings in Old Republic International were worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Direct Indexing L.P. acquired a new position in shares of Old Republic International in the third quarter valued at approximately $246,000. Robeco Institutional Asset Management B.V. boosted its position in Old Republic International by 8.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 229,932 shares of the insurance provider’s stock valued at $8,144,000 after buying an additional 18,397 shares during the period. QRG Capital Management Inc. grew its stake in shares of Old Republic International by 28.2% in the third quarter. QRG Capital Management Inc. now owns 13,576 shares of the insurance provider’s stock worth $481,000 after acquiring an additional 2,989 shares in the last quarter. Foster & Motley Inc. increased its position in shares of Old Republic International by 27.4% during the third quarter. Foster & Motley Inc. now owns 19,025 shares of the insurance provider’s stock worth $674,000 after acquiring an additional 4,096 shares during the period. Finally, Woodmont Investment Counsel LLC raised its stake in shares of Old Republic International by 2.9% in the third quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider’s stock valued at $4,478,000 after acquiring an additional 3,533 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Up 0.4 %

Shares of NYSE:ORI opened at $38.66 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 14.70 and a beta of 0.88. The firm’s 50 day moving average price is $36.15 and its 200 day moving average price is $36.11.

Old Republic International (NYSE:ORI) last released 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 net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is presently 44.11%.

Analysts Set New Price Targets

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

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.