Bank of Montreal Can Has $1.56 Million Stake in Old Republic International Co. (NYSE:ORI)

Bank of Montreal Can decreased its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 31.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,068 shares of the insurance provider's stock after selling 20,015 shares during the period. Bank of Montreal Can's holdings in Old Republic International were worth $1,559,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in Old Republic International by 115.0% during the 4th quarter. Cerity Partners LLC now owns 30,212 shares of the insurance provider's stock worth $1,090,000 after acquiring an additional 16,160 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Old Republic International in the fourth quarter worth $1,139,000. Huntington National Bank boosted its position in shares of Old Republic International by 34.8% during the fourth quarter. Huntington National Bank now owns 1,737 shares of the insurance provider's stock worth $63,000 after purchasing an additional 448 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Old Republic International in the 4th quarter valued at $1,173,000. Finally, Franklin Resources Inc. increased its position in shares of Old Republic International by 15.4% in the 4th quarter. Franklin Resources Inc. now owns 525,004 shares of the insurance provider's stock valued at $19,000,000 after buying an additional 70,212 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Ratings Changes

ORI has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Insider Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated 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 directly owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The shares were 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 directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. This represents a 3.07 % 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 ninety days. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 0.5 %

Shares of NYSE:ORI traded up $0.20 during midday trading on Wednesday, reaching $38.18. 193,138 shares of the company were exchanged, compared to its average volume of 1,223,270. The firm has a market cap of $9.44 billion, a PE ratio of 14.52 and a beta of 0.68. Old Republic International Co. has a fifty-two week low of $28.65 and a fifty-two week high of $39.84. The stock has a fifty day simple moving average of $37.44 and a two-hundred day simple moving average of $36.70. 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 (NYSE:ORI - Get Free Report) last released its quarterly earnings results 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, sell-side analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is 44.11%.

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.