Millstone Evans Group LLC Makes New $41,000 Investment in Old Republic International Co. (NYSE:ORI)

Millstone Evans Group LLC bought a new stake in Old Republic International Co. (NYSE:ORI) during the 4th quarter, Holdings Channel reports. The fund bought 1,146 shares of the insurance provider’s stock, valued at approximately $41,000.

Several other institutional investors also recently modified their holdings of ORI. Janus Henderson Group PLC increased its holdings in Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after acquiring an additional 302 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC bought a new position in Old Republic International during the 4th quarter worth approximately $5,209,000. Finally, JPMorgan Chase & Co. grew its holdings in Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

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 report on Tuesday, February 25th.

Insiders Place Their Bets

In related news, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Up 2.0 %

Shares of Old Republic International stock opened at $38.40 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 capitalization of $9.53 billion, a P/E ratio of 14.60 and a beta of 0.83. The business has a 50-day moving average of $36.77 and a two-hundred day moving average of $36.32.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 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 analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.02%. Old Republic International’s dividend payout ratio is presently 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.