Old Republic International Co. (NYSE:ORI) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 55,816 shares of the insurance provider’s stock after selling 485 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Old Republic International were worth $1,641,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ORI. UBS Group AG lifted its holdings in shares of Old Republic International by 1,208.9% during the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after purchasing an additional 1,395,849 shares during the period. Invesco Ltd. raised its position in Old Republic International by 55.2% during the 3rd quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after buying an additional 804,803 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in Old Republic International by 701.3% during the 3rd quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock valued at $20,936,000 after acquiring an additional 680,146 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Old Republic International by 669.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 602,842 shares of the insurance provider’s stock valued at $16,241,000 after acquiring an additional 524,502 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Old Republic International by 44.3% in the third quarter. LSV Asset Management now owns 1,526,990 shares of the insurance provider’s stock worth $41,137,000 after acquiring an additional 469,000 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

ORI opened at $30.30 on Thursday. The stock has a market cap of $8.35 billion, a P/E ratio of 14.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a fifty day moving average price of $29.53 and a 200 day moving average price of $28.87. Old Republic International Co. has a 1 year low of $24.03 and a 1 year high of $31.22.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Equities research analysts anticipate that Old Republic International Co. will post 2.7 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 21st. Investors of record on Monday, March 11th were issued a $0.265 dividend. This is a boost 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 dividend on an annualized basis and a yield of 3.50%. Old Republic International’s dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the firm’s 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 sale, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Carolyn Monroe sold 6,528 shares of Old Republic International stock in a transaction 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 sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Adachi acquired 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were bought at an average price 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 approximately $224,367. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on ORI. Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.

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.