Two Sigma Investments LP Grows Holdings in Old Republic International Co. (NYSE:ORI)

Two Sigma Investments LP grew its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 93.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,127 shares of the insurance provider's stock after purchasing an additional 98,410 shares during the quarter. Two Sigma Investments LP owned approximately 0.08% of Old Republic International worth $7,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ORI. Barclays PLC lifted its position in Old Republic International by 51.3% during the third quarter. Barclays PLC now owns 272,914 shares of the insurance provider's stock valued at $9,665,000 after purchasing an additional 92,591 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Old Republic International in the 4th quarter worth approximately $207,000. Atomi Financial Group Inc. boosted its holdings in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after acquiring an additional 302 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Old Republic International by 37.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after buying an additional 19,400 shares during the period. Finally, Mutual Advisors LLC lifted its stake in shares of Old Republic International by 38.7% in the 4th quarter. Mutual Advisors LLC now owns 15,041 shares of the insurance provider's stock valued at $542,000 after purchasing an additional 4,194 shares during the period. 70.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. The trade was a 37.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,354 shares of company stock worth $1,602,871. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Up 0.0%

Shares of ORI stock traded up $0.01 on Friday, hitting $37.61. The stock had a trading volume of 181,856 shares, compared to its average volume of 1,200,180. 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 Co. has a one year low of $29.51 and a one year high of $39.84. The business has a 50 day moving average price of $37.75 and a 200 day moving average price of $37.11. The company has a market cap of $9.30 billion, a PE ratio of 14.32 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping 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 return on equity of 20.32% and a net margin of 10.36%. Old Republic International's revenue was up 11.4% on a year-over-year basis. Research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

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.