Thompson Siegel & Walmsley LLC Boosts Stake in Old Republic International Co. (NYSE:ORI)

Thompson Siegel & Walmsley LLC lifted its stake in Old Republic International Co. (NYSE:ORI) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,547 shares of the insurance provider’s stock after purchasing an additional 6,494 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Old Republic International were worth $15,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ORI. Assetmark Inc. boosted its position in shares of Old Republic International by 6.2% in the 3rd quarter. Assetmark Inc. now owns 107,314 shares of the insurance provider’s stock worth $3,801,000 after purchasing an additional 6,231 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $524,000. First Heartland Consultants Inc. boosted its position in shares of Old Republic International by 12.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 13,000 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 1,458 shares in the last quarter. KBC Group NV lifted its position in Old Republic International by 12.2% in the 3rd quarter. KBC Group NV now owns 6,601 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 719 shares in the last quarter. Finally, Huntington National Bank lifted its position in Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 1,021 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

ORI stock opened at $36.48 on Thursday. The stock has a market capitalization of $9.06 billion, a PE ratio of 13.87 and a beta of 0.83. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. 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 stock’s 50 day simple moving average is $36.26 and its 200 day simple moving average is $36.21.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. As a group, research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business 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. The ex-dividend date is Monday, March 10th. This is a positive change 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 3.18%. Old Republic International’s payout ratio is currently 44.11%.

Analyst Ratings Changes

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

Insider Buying and Selling at Old Republic International

In other news, 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 value of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,582 shares of company stock worth $578,552. Insiders own 0.78% of the company’s stock.

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.