Envestnet Asset Management Inc. Has $7.94 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Envestnet Asset Management Inc. reduced its holdings in shares of Old Republic International Co. (NYSE:ORI) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,384 shares of the insurance provider’s stock after selling 2,990 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Old Republic International worth $7,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stifel Financial Corp raised its stake in shares of Old Republic International by 1.4% in the third quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider’s stock worth $1,236,000 after purchasing an additional 495 shares during the last quarter. Barclays PLC lifted its stake in Old Republic International by 51.3% during the 3rd quarter. Barclays PLC now owns 272,914 shares of the insurance provider’s stock valued at $9,665,000 after acquiring an additional 92,591 shares in the last quarter. World Investment Advisors LLC purchased a new position in Old Republic International during the 3rd quarter worth $531,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International in the third quarter valued at about $28,000. Finally, Destination Wealth Management purchased a new position in Old Republic International during the third quarter worth about $217,000. 70.92% of the stock is owned by institutional investors.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Trading Up 0.3 %

Shares of ORI stock opened at $37.83 on Friday. Old Republic International Co. has a 12-month low of $28.65 and a 12-month high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $37.39 and a 200-day moving average of $36.67. The firm has a market cap of $9.35 billion, a P/E ratio of 14.38 and a beta of 0.68.

Old Republic International (NYSE:ORI) last issued 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 return on equity of 20.32% and a net margin of 10.36%. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Investors 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Monday, March 10th. Old Republic International’s dividend payout ratio is presently 44.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORI shares. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler upped their price objective on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st.

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.