Nuveen Asset Management LLC Has $29.43 Million Holdings in Old Republic International Co. (NYSE:ORI)

Nuveen Asset Management LLC grew its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,206 shares of the insurance provider's stock after buying an additional 8,551 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.32% of Old Republic International worth $29,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Numerai GP LLC bought a new stake in Old Republic International during the 4th quarter worth about $580,000. Mubadala Investment Co PJSC bought a new stake in Old Republic International during the 4th quarter worth about $2,408,000. NDVR Inc. lifted its position in 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 buying an additional 534 shares in the last quarter. Millennium Management LLC lifted its position in 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 buying an additional 398,531 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Old Republic International by 2.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 121,337 shares of the insurance provider's stock worth $4,391,000 after buying an additional 2,656 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,354 shares of company stock valued at $1,602,871. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

Shares of ORI stock traded up $0.36 on Tuesday, reaching $37.80. The stock had a trading volume of 1,323,485 shares, compared to its average volume of 1,198,788. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average is $37.77 and its two-hundred day moving average is $37.10. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 14.37 and a beta of 0.74. Old Republic International Co. has a 12 month low of $29.51 and a 12 month 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, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion for 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%. The firm's revenue was up 11.4% on a year-over-year basis. On average, research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a $0.29 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. Old Republic International's payout ratio 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.