Alan B Lancz & Associates Inc. Sells 400 Shares of Old Republic International Co. (NYSE:ORI)

Alan B Lancz & Associates Inc. lessened its position in shares of Old Republic International Co. (NYSE:ORI) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,050 shares of the insurance provider’s stock after selling 400 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Old Republic International were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC boosted its holdings in Old Republic International by 5.4% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 32,841 shares of the insurance provider’s stock valued at $966,000 after purchasing an additional 1,676 shares during the period. LSV Asset Management boosted its stake in shares of Old Republic International by 6.9% in the fourth quarter. LSV Asset Management now owns 1,632,300 shares of the insurance provider’s stock valued at $47,990,000 after buying an additional 105,310 shares during the period. M&T Bank Corp grew its position in Old Republic International by 1.0% during the fourth quarter. M&T Bank Corp now owns 1,168,026 shares of the insurance provider’s stock worth $34,339,000 after buying an additional 11,826 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Old Republic International by 3,068.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 488,434 shares of the insurance provider’s stock worth $14,360,000 after acquiring an additional 473,020 shares during the period. Finally, New York Life Investment Management LLC acquired a new position in Old Republic International in the 4th quarter valued at $878,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

NYSE ORI traded down $0.02 on Friday, hitting $30.62. 1,388,533 shares of the company’s stock were exchanged, compared to its average volume of 2,031,370. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 52 week low of $24.17 and a 52 week high of $31.22. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 11.91 and a beta of 0.81. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $29.01.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a dividend of $0.265 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.46%. Old Republic International’s payout ratio is presently 41.25%.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total transaction of $101,445.08. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Therace Risch bought 6,086 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the transaction, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ORI shares. Piper Sandler raised their price target on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

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.