Quantinno Capital Management LP Grows Holdings in Old Republic International Co. (NYSE:ORI)

Quantinno Capital Management LP lifted its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,076 shares of the insurance provider's stock after acquiring an additional 13,899 shares during the period. Quantinno Capital Management LP owned 0.06% of Old Republic International worth $5,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ORI. Parallel Advisors LLC grew its position in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after purchasing an additional 290 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after buying an additional 295 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock worth $850,000 after buying an additional 301 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after buying an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP grew its holdings in shares of Old Republic International by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock worth $226,000 after buying an additional 310 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of Old Republic International stock traded up $0.03 during trading on Friday, reaching $37.29. The company's stock had a trading volume of 114,613 shares, compared to its average volume of 1,194,169. The business has a 50 day moving average price of $37.78 and a 200-day moving average price of $37.07. Old Republic International Co. has a 12-month low of $29.51 and a 12-month high of $39.84. The company has a market capitalization of $9.22 billion, a P/E ratio of 14.20 and a beta of 0.74. 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 released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating 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 the consensus estimate of $2.03 billion. The firm's revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.11%. Old Republic International's payout ratio is 47.15%.

Analyst Upgrades and Downgrades

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

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president now owns 35,755 shares in the company, valued at $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the company's 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 owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,354 shares of company stock valued at $1,602,871. 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.