Robeco Institutional Asset Management B.V. Boosts Stock Position in Old Republic International Corporation (NYSE:ORI)

Robeco Institutional Asset Management B.V. increased its position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 28.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,140 shares of the insurance provider's stock after purchasing an additional 67,971 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Old Republic International worth $11,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ORI. HWG Holdings LP acquired a new stake in Old Republic International during the first quarter worth about $25,000. Alpine Bank Wealth Management acquired a new position in Old Republic International in the first quarter valued at approximately $31,000. Fairway Wealth LLC purchased a new stake in Old Republic International in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $34,000. Finally, Transce3nd LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $41,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president directly owned 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORI. Raymond James Financial 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. Wall Street Zen raised shares of Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Piper Sandler set a $42.00 target price on shares of Old Republic International in a research note on Friday, April 25th.

Old Republic International Price Performance

Shares of NYSE:ORI traded up $1.59 during midday trading on Thursday, reaching $39.12. 701,485 shares of the company's stock traded hands, compared to its average volume of 1,205,549. The company has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $37.05. Old Republic International Corporation has a 1 year low of $29.83 and a 1 year high of $39.84. The company has a market cap of $9.67 billion, a P/E ratio of 15.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. Old Republic International's quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 2.97%. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

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.