Old Republic International Co. (NYSE:ORI) Holdings Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,132,743 shares of the insurance provider's stock after selling 80,801 shares during the period. Dimensional Fund Advisors LP owned approximately 2.81% of Old Republic International worth $258,134,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ORI. Stifel Financial Corp boosted its position in shares of Old Republic International by 1.4% in the third quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider's stock worth $1,236,000 after acquiring an additional 495 shares during the last quarter. Barclays PLC lifted its position in Old Republic International by 51.3% during the third quarter. Barclays PLC now owns 272,914 shares of the insurance provider's stock valued at $9,665,000 after buying an additional 92,591 shares in the last quarter. World Investment Advisors LLC acquired a new position in Old Republic International during the third quarter valued at approximately $531,000. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the third quarter valued at approximately $28,000. Finally, Destination Wealth Management acquired a new position in Old Republic International during the third quarter valued at approximately $217,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Down 2.9 %

Old Republic International stock traded down $1.11 during midday trading on Friday, hitting $37.31. 1,256,843 shares of the stock were exchanged, compared to its average volume of 1,231,097. Old Republic International Co. has a 1 year low of $29.51 and a 1 year high of $39.84. 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 has a market cap of $9.22 billion, a P/E ratio of 14.19 and a beta of 0.68. The company has a 50 day moving average price of $37.52 and a two-hundred day moving average price of $36.77.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

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

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 in the last ninety days. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ORI. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st.

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.