Slagle Financial LLC Has $248,000 Stake in Old Republic International Co. (NYSE:ORI)

Slagle Financial LLC cut its stake in Old Republic International Co. (NYSE:ORI) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,840 shares of the insurance provider’s stock after selling 1,594 shares during the period. Slagle Financial LLC’s holdings in Old Republic International were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. denkapparat Operations GmbH acquired a new position in shares of Old Republic International in the 4th quarter valued at $259,000. Pictet Asset Management Holding SA increased its stake in 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 valued at $1,235,000 after purchasing an additional 850 shares in the last quarter. Norges Bank acquired a new stake in Old Republic International in the fourth quarter worth $105,581,000. Caisse Des Depots ET Consignations acquired a new position in shares of Old Republic International in the 4th quarter valued at $4,034,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at $1,477,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their position. 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 90 days. 1.00% of the stock is currently owned by corporate insiders.

Old Republic International Stock Performance

NYSE ORI opened at $39.08 on Friday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.38. The firm has a 50-day moving average price of $36.98 and a two-hundred day moving average price of $36.38. The company has a market capitalization of $9.70 billion, a P/E ratio of 14.86 and a beta of 0.83. 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 (NYSE:ORI) last issued its quarterly earnings data 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%. Analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.97%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 44.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of 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.