SPC Financial Inc. Acquires 312 Shares of Old Republic International Co. (NYSE:ORI)

SPC Financial Inc. raised its holdings in Old Republic International Co. (NYSE:ORI) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,012 shares of the insurance provider’s stock after purchasing an additional 312 shares during the quarter. SPC Financial Inc.’s holdings in Old Republic International were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International during the third quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International during the fourth quarter worth approximately $34,000. Core Alternative Capital bought a new position in shares of Old Republic International during the fourth quarter worth approximately $36,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International during the fourth quarter worth approximately $39,000. Finally, Crews Bank & Trust bought a new position in shares of Old Republic International during the fourth quarter worth approximately $40,000. Institutional investors own 70.92% of the company’s stock.

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.

Old Republic International Trading Up 1.0 %

Shares of NYSE:ORI opened at $37.77 on Thursday. The company has a market capitalization of $9.58 billion, a P/E ratio of 14.36 and a beta of 0.88. 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 business’s 50 day simple moving average is $36.20 and its 200 day simple moving average is $36.14.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, research analysts anticipate 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 will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a dividend of $0.29 per share. This is an increase 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 dividend yield of 3.07%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $578,552 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.