United Services Automobile Association Has $551,000 Holdings in Old Republic International Co. (NYSE:ORI)

United Services Automobile Association lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,232 shares of the insurance provider’s stock after selling 407 shares during the period. United Services Automobile Association’s holdings in Old Republic International were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings 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 buying an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in 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 acquiring an additional 302 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of 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 worth $2,595,000 after acquiring an additional 19,400 shares in the last quarter. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at about $5,209,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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.

Old Republic International Stock Up 2.0 %

ORI stock opened at $38.40 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 14.60 and a beta of 0.83. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The stock has a fifty day moving average of $36.77 and a 200-day moving average of $36.32.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 research analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

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

Insider Buying and Selling at Old Republic International

In related news, 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 transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $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.