Old Republic International Co. (NYSE:ORI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 320,211 shares of the insurance provider’s stock after selling 10,847 shares during the period. Alliancebernstein L.P.’s holdings in Old Republic International were worth $11,588,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the third quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Ratings Changes

ORI has been the topic of a number of research analyst reports. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st.

Insiders Place Their Bets

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction on 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 sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Trading Up 4.9 %

Old Republic International stock opened at $37.09 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 14.10 and a beta of 0.68. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.84. The firm’s 50 day moving average price is $37.23 and its two-hundred day moving average price is $36.57.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. On average, research analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.13%. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International’s 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.