Swiss National Bank Has $17.48 Million Position in Old Republic International Co. (NYSE:ORI)

Swiss National Bank lessened its stake in shares of Old Republic International Co. (NYSE:ORI) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 483,000 shares of the insurance provider’s stock after selling 21,000 shares during the quarter. Swiss National Bank’s holdings in Old Republic International were worth $17,480,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the 3rd quarter valued at $28,000. Fairway Wealth LLC acquired a new position in shares of Old Republic International during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International during the 4th quarter valued at $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the 4th quarter valued at $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

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

Old Republic International Stock Performance

ORI opened at $37.26 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average price is $36.46 and its two-hundred day moving average price is $36.27. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 14.17 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 earnings per share 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%. On average, analysts expect 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 will be paid on Thursday, March 20th. Shareholders 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 yield of 3.11%. Old Republic International’s dividend payout ratio is presently 44.11%.

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction 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 sale, 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 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 company’s stock in a transaction on 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 owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 in the last quarter. 1.00% of the stock is currently owned by corporate 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.