Nomura Holdings Inc. Acquires Shares of 30,953 Old Republic International Co. (NYSE:ORI)

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

Several other large investors have also modified their holdings of the company. Nuveen Asset Management LLC lifted its position in Old Republic International by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 813,206 shares of the insurance provider's stock worth $29,430,000 after acquiring an additional 8,551 shares during the last quarter. Numerai GP LLC bought a new position in shares of Old Republic International in the fourth quarter worth about $580,000. Mubadala Investment Co PJSC bought a new position in shares of Old Republic International in the fourth quarter worth about $2,408,000. NDVR Inc. lifted its position in shares of Old Republic International by 7.6% during the 4th quarter. NDVR Inc. now owns 7,516 shares of the insurance provider's stock worth $272,000 after purchasing an additional 534 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Old Republic International by 93.8% during the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider's stock worth $29,802,000 after purchasing an additional 398,531 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

Shares of ORI stock traded down $0.83 during mid-day trading on Wednesday, reaching $37.57. The stock had a trading volume of 1,000,028 shares, compared to its average volume of 1,199,561. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84. The firm has a market cap of $9.29 billion, a PE ratio of 14.29 and a beta of 0.74. The firm's 50 day simple moving average is $37.78 and its 200 day simple moving average is $37.05. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

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

Old Republic International Increases Dividend

The firm 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. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is 47.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Raymond James set a $42.00 target price on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th.

Insider Activity at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This represents a 37.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president now directly owns 35,755 shares of the company's stock, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock valued at $1,602,871 over the last quarter. 1.10% of the stock is owned by company insiders.

About Old Republic International

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.