BNP Paribas Financial Markets Sells 12,643 Shares of Old Republic International Co. (NYSE:ORI)

BNP Paribas Financial Markets trimmed its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,760 shares of the insurance provider's stock after selling 12,643 shares during the quarter. BNP Paribas Financial Markets' holdings in Old Republic International were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ORI. Barclays PLC lifted its holdings in shares of Old Republic International by 51.3% during the 3rd 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 last quarter. Merit Financial Group LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $207,000. HB Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $251,000. UMB Bank n.a. lifted its holdings in shares of Old Republic International by 2.4% during the 4th 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 last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Old Republic International by 4.1% during the 4th 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 last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORI. Piper Sandler set a $42.00 price target on Old Republic International in a report on Friday, April 25th. Raymond James set a $42.00 target price on Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

Old Republic International Stock Performance

ORI traded up $0.17 on Monday, hitting $37.43. The company had a trading volume of 986,655 shares, compared to its average volume of 1,198,288. The company's fifty day moving average price is $37.77 and its 200 day moving average price is $37.10. 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 stock has a market cap of $9.25 billion, a price-to-earnings ratio of 14.23 and a beta of 0.74.

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

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.10%. Old Republic International's dividend payout ratio is currently 47.15%.

Insiders Place Their Bets

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. The trade was a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This represents a 3.69% 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 in the last three months. Company insiders own 1.10% of the company's stock.

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.