Flinton Capital Management LLC raised its stake in Old Republic International Co. (NYSE:ORI) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 333,200 shares of the insurance provider’s stock after purchasing an additional 142,766 shares during the period. Flinton Capital Management LLC’s holdings in Old Republic International were worth $7,124,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its stake in Old Republic International by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 200,897 shares of the insurance provider’s stock valued at $4,295,000 after purchasing an additional 2,713 shares in the last quarter. Rhumbline Advisers increased its stake in Old Republic International by 0.6% in the third quarter. Rhumbline Advisers now owns 457,998 shares of the insurance provider’s stock valued at $9,018,000 after purchasing an additional 2,776 shares in the last quarter. Amalgamated Bank increased its stake in Old Republic International by 6.0% in the fourth quarter. Amalgamated Bank now owns 49,302 shares of the insurance provider’s stock valued at $1,054,000 after purchasing an additional 2,787 shares in the last quarter. Delta Asset Management LLC TN increased its stake in Old Republic International by 15.8% in the fourth quarter. Delta Asset Management LLC TN now owns 21,665 shares of the insurance provider’s stock valued at $463,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Old Republic International by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 75,244 shares of the insurance provider’s stock valued at $1,482,000 after purchasing an additional 3,060 shares in the last quarter. 73.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Old Republic International Co. (NYSE ORI) opened at $21.32 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5,723.63, a price-to-earnings ratio of 18.97 and a beta of 1.36. Old Republic International Co. has a 52 week low of $17.92 and a 52 week high of $22.34.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be given a dividend of $0.195 per share. The ex-dividend date is Friday, March 2nd. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 3.66%. Old Republic International’s payout ratio is presently 40.63%.
Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. JMP Securities raised shares of Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.00.
In other Old Republic International news, Director Glenn W. Reed bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $20.43 per share, with a total value of $102,150.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.
Old Republic International Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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