Old Republic International Co. (NYSE:ORI) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Old Republic International Co. (NYSE:ORIFree Report) by 94.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 57,313 shares of the insurance provider’s stock after purchasing an additional 27,882 shares during the quarter. Pacer Advisors Inc.’s holdings in Old Republic International were worth $1,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 909 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Old Republic International in the fourth quarter worth about $29,000. Farther Finance Advisors LLC raised its position in Old Republic International by 167.1% in the second quarter. Farther Finance Advisors LLC now owns 1,154 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 722 shares in the last quarter. Stonebridge Capital Advisors LLC raised its position in Old Republic International by 130.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 800 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in Old Republic International in the second quarter worth about $34,000. 70.92% of the stock is currently owned by institutional investors.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara Adachi purchased 1,925 shares of Old Republic International stock in a transaction dated Friday, February 16th. The stock was acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the transaction, the senior vice president now owns 35,340 shares in the company, valued at approximately $979,271.40. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Sandler upgraded Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Monday, February 12th.

Read Our Latest Report on Old Republic International

Old Republic International Price Performance

NYSE ORI opened at $30.72 on Friday. The stock’s 50-day moving average price is $28.94 and its two-hundred day moving average price is $28.52. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.55 billion, a PE ratio of 14.63 and a beta of 0.81. Old Republic International Co. has a 1 year low of $24.03 and a 1 year high of $30.90.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. On average, analysts predict that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International’s dividend payout ratio is 50.48%.

Old Republic International Profile

(Free Report)

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.

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

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