First Citizens Bank & Trust Co. Has $313,000 Holdings in Old Republic International Co. (ORI)

First Citizens Bank & Trust Co. decreased its stake in Old Republic International Co. (NYSE:ORI) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,634 shares of the insurance provider’s stock after selling 3,857 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Old Republic International were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. acquired a new position in Old Republic International in the third quarter valued at about $5,182,000. Nordea Investment Management AB lifted its stake in Old Republic International by 22.9% in the second quarter. Nordea Investment Management AB now owns 95,761 shares of the insurance provider’s stock valued at $1,870,000 after buying an additional 17,814 shares during the period. Koch Industries Inc. acquired a new position in Old Republic International in the second quarter valued at about $385,000. Swiss National Bank lifted its stake in Old Republic International by 1.8% in the third quarter. Swiss National Bank now owns 418,700 shares of the insurance provider’s stock valued at $8,244,000 after buying an additional 7,600 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in Old Republic International by 7.3% in the third quarter. Brandes Investment Partners LP now owns 440,546 shares of the insurance provider’s stock valued at $12,966,000 after buying an additional 29,880 shares during the period. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Old Republic International Co. (NYSE:ORI) opened at $19.79 on Friday. The company has a market capitalization of $5,220.00, a PE ratio of 14.66 and a beta of 1.36. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. Old Republic International Co. has a 1 year low of $17.92 and a 1 year high of $21.56.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Old Republic International had a return on equity of 3.94% and a net margin of 2.89%. Old Republic International’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. research analysts forecast that Old Republic International Co. will post 1.17 EPS for the current year.

The firm also recently declared a None dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, January 9th. Old Republic International’s dividend payout ratio is currently 56.30%.

Several research firms have weighed in on ORI. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Monday, October 30th.

In related news, CFO Karl W. Mueller sold 19,052 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $400,092.00. Following the completion of the transaction, the chief financial officer now directly owns 5,331 shares in the company, valued at $111,951. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO R Scott Rager sold 47,500 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $997,500.00. Following the transaction, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $840,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,552 shares of company stock worth $1,711,992. 2.00% of the stock is currently owned by insiders.

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Old Republic International Company Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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