Old Republic International Co. (NYSE:ORI) Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 380,225 shares of the insurance provider's stock after acquiring an additional 64,245 shares during the period. Royal Bank of Canada owned 0.15% of Old Republic International worth $13,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Old Republic International in the 4th quarter valued at approximately $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the 4th quarter valued at approximately $36,000. Synergy Asset Management LLC purchased a new position in Old Republic International in the 4th quarter valued at about $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $40,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Up 0.6%

Shares of NYSE:ORI traded up $0.21 during trading on Friday, hitting $37.81. The company's stock had a trading volume of 2,078,641 shares, compared to its average volume of 1,204,853. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84. The stock's 50-day moving average price is $37.74 and its two-hundred day moving average price is $37.11. The company has a market capitalization of $9.35 billion, a PE ratio of 14.38 and a beta of 0.74.

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

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid 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 dividend payout ratio (DPR) is presently 47.15%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Old Republic International

In related news, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the sale, 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. Insiders have sold 43,354 shares of company stock worth $1,602,871 over the last quarter. 1.10% of the stock is owned by corporate 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.