Old Republic International Co. (NYSE:ORI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,760 shares of the insurance provider’s stock after selling 12,643 shares during the period. BNP Paribas Financial Markets’ holdings in Old Republic International were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in Old Republic International in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International during the 4th quarter worth about $34,000. Core Alternative Capital acquired a new stake in shares of Old Republic International in the 4th quarter worth approximately $36,000. Synergy Asset Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth approximately $39,000. Finally, Crews Bank & Trust bought a new position in shares of Old Republic International in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $38.38 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm’s 50 day moving average is $37.78 and its 200-day moving average is $37.05. Old Republic International Co. has a 12-month low of $29.51 and a 12-month high of $39.84. The stock has a market capitalization of $9.49 billion, a P/E ratio of 14.59 and a beta of 0.74.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.02%. Old Republic International’s payout ratio is 47.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler set a $42.00 target price on Old Republic International in a report on Friday, April 25th. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price objective on Old Republic International and gave the company an “outperform” rating in a report on Monday, April 28th.

Insider Activity

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,354 shares of company stock valued at $1,602,871 over the last three months. Insiders own 1.10% of the company’s stock.

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.