Quantinno Capital Management LP Purchases 13,899 Shares of 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 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 153,076 shares of the insurance provider's stock after purchasing an additional 13,899 shares during the period. Quantinno Capital Management LP owned about 0.06% of Old Republic International worth $5,540,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ORI. Nomura Holdings Inc. bought a new position in shares of Old Republic International during the fourth quarter valued at about $1,120,000. Nuveen Asset Management LLC increased its holdings in Old Republic International by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 813,206 shares of the insurance provider's stock valued at $29,430,000 after purchasing an additional 8,551 shares during the period. Numerai GP LLC purchased a new position in Old Republic International during the 4th quarter valued at about $580,000. Mubadala Investment Co PJSC bought a new position in Old Republic International during the 4th quarter valued at approximately $2,408,000. Finally, NDVR Inc. lifted its holdings in Old Republic International by 7.6% in 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 during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Stock Down 0.6%

Shares of ORI traded down $0.22 on Thursday, reaching $37.36. The stock had a trading volume of 619,699 shares, compared to its average volume of 1,197,672. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 14.22 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a 50-day simple moving average of $37.78 and a 200-day simple moving average of $37.05. 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 posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is presently 47.15%.

Insider Activity at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction dated 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 approximately $1,699,294. This trade represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,354 shares of company stock valued at $1,602,871. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.