Old Republic International Co. (NYSE:ORI) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of Old Republic International Co. (NYSE:ORI) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,884 shares of the insurance provider’s stock after acquiring an additional 290 shares during the quarter. Parallel Advisors LLC’s holdings in Old Republic International were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have 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 about $28,000. Fairway Wealth LLC purchased a new stake in Old Republic International in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in Old Republic International in the 4th quarter valued at about $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the 4th quarter valued at about $36,000. Finally, Synergy Asset Management LLC purchased a new stake in Old Republic International in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 0.1 %

Shares of NYSE:ORI opened at $37.76 on Friday. 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 firm has a market capitalization of $9.37 billion, a PE ratio of 14.36 and a beta of 0.83. The firm’s 50-day moving average is $36.59 and its two-hundred day moving average is $36.29. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared 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. The ex-dividend date was 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 3.07%. Old Republic International’s dividend payout ratio is 44.11%.

Insiders Place Their Bets

In related 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 transaction of $1,002,180.50. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. 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 three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

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

About Old Republic International

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.