57,000 Shares in Old Republic International Co. (NYSE:ORI) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 57,000 shares of the insurance provider's stock, valued at approximately $2,063,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in Old Republic International by 51.3% in the third 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 period. Exchange Traded Concepts LLC increased its stake in shares of Old Republic International by 3.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,644 shares of the insurance provider's stock valued at $783,000 after acquiring an additional 729 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Old Republic International by 16.3% in the 4th quarter. First Citizens Bank & Trust Co. now owns 8,450 shares of the insurance provider's stock valued at $306,000 after acquiring an additional 1,182 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Old Republic International by 56.3% during the 4th quarter. Blue Trust Inc. now owns 6,860 shares of the insurance provider's stock valued at $243,000 after acquiring an additional 2,470 shares during the period. Finally, KBC Group NV boosted its stake in Old Republic International by 39.8% during the fourth quarter. KBC Group NV now owns 9,228 shares of the insurance provider's stock worth $334,000 after acquiring an additional 2,627 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Republic International

In related news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction 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. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carolyn Monroe sold 10,601 shares of the company'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 completion of the sale, the senior vice president now directly owns 35,755 shares of the company's stock, valued at $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Up 1.0%

Shares of ORI traded up $0.39 during trading hours on Monday, reaching $38.19. The stock had a trading volume of 1,189,269 shares, compared to its average volume of 1,204,786. The firm has a 50-day simple moving average of $37.73 and a 200 day simple moving average of $37.11. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84. 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 has a market capitalization of $9.44 billion, a price-to-earnings ratio of 14.52 and a beta of 0.74.

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, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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 was up 11.4% on a year-over-year basis. Equities research analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.04%. Old Republic International's payout ratio is 47.15%.

Analysts Set New Price Targets

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

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.