Kovitz Investment Group Partners LLC Reduces Holdings in Old Republic International Co. (NYSE:ORI)

Kovitz Investment Group Partners LLC lowered its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,390 shares of the insurance provider's stock after selling 10,042 shares during the period. Kovitz Investment Group Partners LLC's holdings in Old Republic International were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the 3rd quarter valued at about $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Old Republic International during the 4th quarter worth approximately $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC purchased a new stake in Old Republic International in the 4th quarter valued at approximately $39,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Trading Up 0.6 %

Shares of Old Republic International stock traded up $0.22 during trading hours on Wednesday, reaching $38.28. 125,011 shares of the company's stock were exchanged, compared to its average volume of 1,212,773. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84. The company has a fifty day moving average of $37.64 and a 200-day moving average of $36.85. 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 firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 14.54 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. Old Republic International's revenue was up 11.4% on a year-over-year basis. Sell-side analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.03%. Old Republic International's payout ratio is currently 47.15%.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president now owns 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,354 shares of company stock worth $1,602,871 in the last ninety days. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler set a $42.00 price target on Old Republic International in a research report on Friday, April 25th. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 target price on shares of Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th.

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.