Capital Fund Management S.A. Purchases 221,682 Shares of Old Republic International Co. (NYSE:ORI)

Capital Fund Management S.A. boosted its position in Old Republic International Co. (NYSE:ORIFree Report) by 192.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,054 shares of the insurance provider’s stock after buying an additional 221,682 shares during the quarter. Capital Fund Management S.A. owned approximately 0.12% of Old Republic International worth $9,909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ORI. Norges Bank acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $89,446,000. UBS Group AG increased its position in Old Republic International by 1,208.9% in the 3rd quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after buying an additional 1,395,849 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock worth $40,590,000 after buying an additional 876,872 shares during the last quarter. Invesco Ltd. boosted its position in shares of Old Republic International by 55.2% in the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock valued at $60,966,000 after acquiring an additional 804,803 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Old Republic International by 669.5% in the third quarter. Qube Research & Technologies Ltd now owns 602,842 shares of the insurance provider’s stock worth $16,241,000 after acquiring an additional 524,502 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Activity

In related news, Director Therace Risch purchased 6,086 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the transaction, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Old Republic International news, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction on Monday, May 6th. The stock was 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 in the company, valued at approximately $1,478,295.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Therace Risch bought 6,086 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the acquisition, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 9,172 shares of company stock worth $282,286. Company insiders own 0.78% of the company’s stock.

Old Republic International Stock Performance

ORI opened at $30.55 on Tuesday. The stock’s 50 day simple moving average is $30.69 and its 200-day simple moving average is $29.68. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.30 billion, a PE ratio of 11.89 and a beta of 0.83. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $32.26.

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

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, June 4th. Old Republic International’s payout ratio is 41.25%.

Wall Street Analyst Weigh In

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

Read Our Latest Report on ORI

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.

Featured Stories

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.