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

International Assets Investment Management LLC raised its holdings in Old Republic International Co. (NYSE:ORI) by 2,849.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 124,428 shares of the insurance provider’s stock after acquiring an additional 120,210 shares during the quarter. 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 institutional investors have also modified their holdings of ORI. Prime Capital Investment Advisors LLC raised its holdings in Old Republic International by 13.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,567 shares of the insurance provider’s stock valued at $252,000 after acquiring an additional 1,034 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $333,000. Venturi Wealth Management LLC grew its position in shares of Old Republic International by 1,337.8% in the 4th quarter. Venturi Wealth Management LLC now owns 7,333 shares of the insurance provider’s stock valued at $216,000 after buying an additional 6,823 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Old Republic International by 1.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 120,477 shares of the insurance provider’s stock worth $3,542,000 after acquiring an additional 2,188 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in Old Republic International by 526.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORI. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler boosted their price objective on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st.

Old Republic International Stock Performance

Shares of ORI stock opened at $31.19 on Friday. Old Republic International Co. has a 52-week low of $24.17 and a 52-week high of $31.32. The stock’s 50-day moving average price is $29.92 and its 200 day moving average price is $29.12. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.48 billion, a PE ratio of 12.14 and a beta of 0.81.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s payout ratio is presently 41.25%.

Insider Transactions at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 1,292 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total value of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at approximately $1,478,295.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Dare sold 1,292 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares of the company’s stock, valued at approximately $1,478,295.80. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.