Squarepoint Ops LLC Raises Position in Old Republic International Co. (NYSE:ORI)

Squarepoint Ops LLC lifted its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 315.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,430 shares of the insurance provider's stock after purchasing an additional 121,807 shares during the quarter. Squarepoint Ops LLC owned about 0.06% of Old Republic International worth $5,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp boosted its position in shares of Old Republic International by 14.4% during the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock worth $114,940,000 after purchasing an additional 400,384 shares in the last quarter. Norges Bank bought a new position in shares of Old Republic International during the 4th quarter worth about $105,581,000. Invesco Ltd. boosted its position in shares of Old Republic International by 26.4% during the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after purchasing an additional 490,788 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Old Republic International by 2.7% during the 4th quarter. AQR Capital Management LLC now owns 1,885,011 shares of the insurance provider's stock worth $68,219,000 after purchasing an additional 49,160 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Old Republic International during the 4th quarter worth about $67,054,000. Institutional investors own 70.92% of the company's stock.

Old Republic International Stock Down 0.0%

NYSE ORI traded down $0.00 during trading hours on Friday, hitting $37.60. The company's stock had a trading volume of 232,768 shares, compared to its average volume of 1,200,335. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84. The company has a market capitalization of $9.29 billion, a PE ratio of 14.30 and a beta of 0.74. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The company's 50-day simple moving average is $37.75 and its two-hundred day simple moving average is $37.11.

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

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 annualized dividend and a yield of 3.09%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insider Buying and Selling at Old Republic International

In other Old Republic International 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 value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the sale, the senior vice president now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,354 shares of company stock worth $1,602,871. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ORI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price target on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday, April 28th.

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.