33,320 Shares in Old Republic International Co. (NYSE:ORI) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new stake in shares of Old Republic International Co. (NYSE:ORIFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,320 shares of the insurance provider’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nordea Investment Management AB grew its stake in shares of Old Republic International by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock worth $12,826,000 after acquiring an additional 49,329 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of Old Republic International by 9.2% during the 4th quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider’s stock valued at $12,839,000 after buying an additional 36,754 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Old Republic International in the 4th quarter worth $3,421,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Old Republic International by 92.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock worth $2,522,000 after acquiring an additional 44,895 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in Old Republic International during the fourth quarter valued at $878,000. Institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In related news, VP Thomas Dare sold 1,292 shares of the company’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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Therace Risch bought 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas Dare sold 1,292 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following 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. Insiders sold a total of 9,172 shares of company stock valued at $282,286 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ORI has been the topic of several research reports. Piper Sandler raised their target price on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Check Out Our Latest Report on Old Republic International

Old Republic International Price Performance

NYSE ORI opened at $30.81 on Thursday. The business’s fifty day moving average is $30.69 and its 200 day moving average is $29.63. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $32.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $8.38 billion, a PE ratio of 11.99 and a beta of 0.83.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. Sell-side analysts predict that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th will be paid a $0.265 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.44%. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

About Old Republic International

(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.

Recommended Stories

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Co. (NYSE:ORIFree Report).

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

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.