33,956 Shares in Old Republic International Co. (NYSE:ORI) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,956 shares of the insurance provider's stock, valued at approximately $1,229,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORI. Gotham Asset Management LLC boosted its position in Old Republic International by 21.5% during the 4th quarter. Gotham Asset Management LLC now owns 404,481 shares of the insurance provider's stock valued at $14,638,000 after acquiring an additional 71,565 shares in the last quarter. Focus Partners Wealth boosted its position in Old Republic International by 0.9% during the 4th quarter. Focus Partners Wealth now owns 206,681 shares of the insurance provider's stock valued at $7,480,000 after acquiring an additional 1,938 shares in the last quarter. Ethic Inc. boosted its position in Old Republic International by 13.4% during the 4th quarter. Ethic Inc. now owns 15,885 shares of the insurance provider's stock valued at $575,000 after acquiring an additional 1,879 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Old Republic International by 13.4% during the 4th quarter. EP Wealth Advisors LLC now owns 14,817 shares of the insurance provider's stock valued at $536,000 after acquiring an additional 1,756 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in Old Republic International by 4.3% during the 4th quarter. CoreCap Advisors LLC now owns 73,000 shares of the insurance provider's stock valued at $2,642,000 after acquiring an additional 2,999 shares in the last quarter. Institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th. Raymond James set a $42.00 price objective on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

Insider Buying and Selling

In related news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value 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. This trade represents a 37.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president now owns 35,755 shares of the company's stock, valued at $1,336,521.90. This trade represents a 22.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,354 shares of company stock worth $1,602,871 in the last 90 days. Insiders own 1.10% of the company's stock.

Old Republic International Stock Down 1.0%

Old Republic International stock opened at $37.33 on Thursday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 14.19 and a beta of 0.74. 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 business has a fifty day moving average price of $37.64 and a 200-day moving average price of $36.94. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

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.

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