Axxcess Wealth Management LLC Has $570,000 Holdings in Old Republic International Co. (NYSE:ORI)

Axxcess Wealth Management LLC raised its position in shares of Old Republic International Co. (NYSE:ORI) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,761 shares of the insurance provider’s stock after purchasing an additional 960 shares during the period. Axxcess Wealth Management LLC’s holdings in Old Republic International were worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ORI. Parallel Advisors LLC lifted its stake in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after acquiring an additional 290 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in Old Republic International by 1.3% in the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after purchasing an additional 301 shares in the last quarter. Atomi Financial Group Inc. increased its position in Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP raised its holdings in Old Republic International by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after buying an additional 310 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The stock was 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 in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is owned by company insiders.

Old Republic International Price Performance

NYSE ORI opened at $37.61 on Friday. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The company has a fifty day simple moving average of $36.68 and a 200 day simple moving average of $36.30. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.33 billion, a P/E ratio of 14.30 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, March 10th. Old Republic International’s payout ratio is currently 44.11%.

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.