Old Republic International Co. (NYSE:ORI) Holdings Lowered by Leuthold Group LLC

Leuthold Group LLC trimmed its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,191 shares of the insurance provider’s stock after selling 301 shares during the period. Leuthold Group LLC’s holdings in Old Republic International were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORI. Allworth Financial LP raised its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International during the 3rd quarter worth about $28,000. Core Alternative Capital bought a new stake in shares of Old Republic International during the 4th quarter worth about $36,000. Synergy Asset Management LLC bought a new stake in shares of Old Republic International during the 4th quarter worth about $39,000. Finally, Crews Bank & Trust bought a new stake in shares of Old Republic International during the 4th quarter worth about $40,000. 70.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

Old Republic International Stock Performance

Shares of ORI opened at $36.51 on Friday. The firm’s 50 day moving average is $35.98 and its 200-day moving average is $35.93. The stock has a market capitalization of $9.26 billion, a P/E ratio of 13.88 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 12-month low of $28.20 and a 12-month high of $39.27.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, 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. 1.00% of the stock is currently owned by insiders.

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.