EntryPoint Capital LLC Buys Shares of 14,811 Old Republic International Co. (NYSE:ORI)

EntryPoint Capital LLC bought a new stake in Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,811 shares of the insurance provider’s stock, valued at approximately $536,000.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in Old Republic International by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 61,528 shares of the insurance provider’s stock worth $2,179,000 after purchasing an additional 8,136 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Old Republic International during the third quarter worth about $2,705,000. Raymond James Trust N.A. grew its stake in Old Republic International by 1.8% during the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 429 shares in the last quarter. Cerity Partners LLC raised its holdings in Old Republic International by 11.4% in the 3rd quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider’s stock valued at $498,000 after acquiring an additional 1,434 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Old Republic International in the 3rd quarter worth approximately $1,025,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Old Republic International Stock Up 2.0 %

NYSE ORI opened at $38.40 on Tuesday. 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 52 week low of $28.59 and a 52 week high of $39.27. The business’s fifty day simple moving average is $36.77 and its 200-day simple moving average is $36.32. The firm has a market cap of $9.53 billion, a PE ratio of 14.60 and a beta of 0.83.

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

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.02%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the company’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 transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. 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 quarter. 1.00% of the stock is currently owned by company insiders.

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.