Nomura Holdings Inc. Buys New Shares in Old Republic International Co. (NYSE:ORI)

Nomura Holdings Inc. bought a new position in Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,953 shares of the insurance provider's stock, valued at approximately $1,120,000.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of 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 during the period. Merit Financial Group LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $207,000. HB Wealth Management LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $251,000. UMB Bank n.a. boosted its position in shares of Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider's stock valued at $624,000 after buying an additional 408 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after buying an additional 302 shares during the period. 70.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ORI shares. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Wall Street Zen 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 target on Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th.

Insider Buying and Selling

In related news, CEO Craig R. Smiddy sold 5,296 shares of the business's 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 completion of the transaction, the chief executive officer now owns 138,222 shares of the company's stock, valued at $5,335,369.20. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president now directly 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 valued at $1,602,871 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Old Republic International Trading Up 0.5%

Shares of NYSE ORI traded up $0.17 during trading hours on Friday, reaching $37.43. The stock had a trading volume of 986,655 shares, compared to its average volume of 1,198,288. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 14.23 and a beta of 0.74. The business's fifty day moving average price is $37.78 and its two-hundred day moving average price is $37.09. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The firm 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 company's revenue was up 11.4% compared to the same quarter last year. Analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Old Republic International Company 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.