Old Republic International Co. (NYSE:ORI) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in Old Republic International Co. (NYSE:ORI) by 2,849.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 124,428 shares of the insurance provider’s stock after purchasing an additional 120,210 shares during the period. International Assets Investment Management LLC’s holdings in Old Republic International were worth $3,658,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ORI. American Century Companies Inc. boosted its holdings in shares of Old Republic International by 58.9% in the 1st quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider’s stock valued at $1,471,000 after buying an additional 21,064 shares in the last quarter. HighTower Advisors LLC boosted its stake in Old Republic International by 31.1% during the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 4,088 shares during the period. Natixis Advisors L.P. boosted its stake in Old Republic International by 21.5% during the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider’s stock worth $573,000 after purchasing an additional 3,918 shares during the period. D.A. Davidson & CO. acquired a new stake in Old Republic International during the 1st quarter worth $296,000. Finally, Panagora Asset Management Inc. boosted its stake in Old Republic International by 2.3% during the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Down 1.1 %

Shares of Old Republic International stock opened at $28.64 on Thursday. The company has a market cap of $7.89 billion, a P/E ratio of 13.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. Old Republic International Co. has a one year low of $24.03 and a one year high of $31.22. The firm has a fifty day moving average of $29.34 and a two-hundred day moving average of $28.75.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The firm had revenue of $1.94 billion for 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 forecast that Old Republic International Co. will post 2.7 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a dividend of $0.265 per share. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.70%. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is presently 50.48%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Barbara Adachi purchased 1,925 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the acquisition, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Barbara Adachi acquired 1,925 shares of Old Republic International stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

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.