denkapparat Operations GmbH Purchases Shares of 7,162 Old Republic International Co. (NYSE:ORI)

denkapparat Operations GmbH acquired a new position in Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,162 shares of the insurance provider’s stock, valued at approximately $259,000.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the third quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in shares of Old Republic International during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International during the 4th quarter worth approximately $34,000. Core Alternative Capital acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at $39,000. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value 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 $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,039 shares of company stock valued at $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $38.98 on Friday. The stock has a 50-day moving average of $37.04 and a 200-day moving average of $36.41. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.31. 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 company has a market cap of $9.67 billion, a PE ratio of 14.82 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its quarterly earnings data 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 return on equity of 20.32% and a net margin of 10.36%. On average, equities research analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.98%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Old Republic International Company 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.