AMJ Financial Wealth Management Reduces Holdings in Old Republic International Co. (NYSE:ORI)

AMJ Financial Wealth Management lowered its position in Old Republic International Co. (NYSE:ORI) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,353 shares of the insurance provider’s stock after selling 947 shares during the period. AMJ Financial Wealth Management’s holdings in Old Republic International were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. acquired a new position in Old Republic International during the third quarter worth about $246,000. Robeco Institutional Asset Management B.V. lifted its stake in Old Republic International by 8.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 229,932 shares of the insurance provider’s stock worth $8,144,000 after purchasing an additional 18,397 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Old Republic International by 28.2% during the 3rd quarter. QRG Capital Management Inc. now owns 13,576 shares of the insurance provider’s stock worth $481,000 after purchasing an additional 2,989 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of Old Republic International by 27.4% during the 3rd quarter. Foster & Motley Inc. now owns 19,025 shares of the insurance provider’s stock worth $674,000 after purchasing an additional 4,096 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its position in shares of Old Republic International by 2.9% in the third quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider’s stock valued at $4,478,000 after purchasing an additional 3,533 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were 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 $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Trading Up 0.4 %

Shares of ORI opened at $38.66 on Tuesday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The firm has a market capitalization of $9.80 billion, a P/E ratio of 14.70 and a beta of 0.88. The firm has a 50-day moving average price of $36.15 and a 200 day moving average price of $36.11. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

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

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.00%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analyst Ratings Changes

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

About Old Republic International

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.