Old Republic International Co. (NYSE:ORI) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in shares of Old Republic International Co. (NYSE:ORI) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,059 shares of the insurance provider’s stock after selling 4,007 shares during the period. New York Life Investment Management LLC’s holdings in Old Republic International were worth $907,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORI. Point72 Asset Management L.P. increased its position in shares of Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after purchasing an additional 377,605 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Old Republic International in the 3rd quarter valued at $7,965,000. Orca Wealth Management LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $5,209,000. Franklin Resources Inc. increased its position in shares of Old Republic International by 39.6% in the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after acquiring an additional 128,896 shares during the period. Finally, Barclays PLC increased its position in shares of Old Republic International by 51.3% in the 3rd quarter. Barclays PLC now owns 272,914 shares of the insurance provider’s stock valued at $9,665,000 after acquiring an additional 92,591 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

NYSE ORI opened at $38.66 on Tuesday. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 14.70 and a beta of 0.88. The stock’s fifty day moving average price is $36.15 and its 200 day moving average price is $36.11.

Old Republic International (NYSE:ORI) last posted 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%. As a group, equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.00%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International’s dividend payout ratio is presently 44.11%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’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 sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research report 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.