KLP Kapitalforvaltning AS Makes New $2.61 Million Investment in Old Republic International Co. (NYSE:ORI)

KLP Kapitalforvaltning AS acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 72,100 shares of the insurance provider’s stock, valued at approximately $2,609,000.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the period. Nisa Investment Advisors LLC grew its stake in 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 buying an additional 19,400 shares during the last quarter. Orca Wealth Management LLC bought a new position in Old Republic International in the 4th quarter worth $5,209,000. Finally, JPMorgan Chase & Co. lifted its position in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s 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 sale, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the company’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 completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 over the last three months. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Up 0.4 %

Shares of ORI stock opened at $38.64 on Thursday. The stock has a 50 day moving average of $36.92 and a 200-day moving average of $36.37. The firm has a market cap of $9.59 billion, a PE ratio of 14.69 and a beta of 0.83. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This is an increase 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 3.00%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

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.