UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 32,953 Shares of Old Republic International Co. (NYSE:ORI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,425,247 shares of the insurance provider's stock after acquiring an additional 32,953 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.56% of Old Republic International worth $51,580,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Voloridge Investment Management LLC raised its holdings in Old Republic International by 136.5% during the fourth quarter. Voloridge Investment Management LLC now owns 490,263 shares of the insurance provider's stock worth $17,743,000 after buying an additional 282,963 shares during the last quarter. Waverly Advisors LLC bought a new position in Old Republic International during the fourth quarter worth about $267,000. Vident Advisory LLC boosted its position in Old Republic International by 16.7% during the fourth quarter. Vident Advisory LLC now owns 8,017 shares of the insurance provider's stock worth $290,000 after purchasing an additional 1,148 shares during the period. WBI Investments LLC bought a new position in Old Republic International during the fourth quarter worth about $2,318,000. Finally, Squarepoint Ops LLC boosted its position in Old Republic International by 315.4% during the fourth quarter. Squarepoint Ops LLC now owns 160,430 shares of the insurance provider's stock worth $5,806,000 after purchasing an additional 121,807 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction on 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 sale, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock worth $1,602,871 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Old Republic International Trading Up 0.0%

Shares of ORI traded up $0.01 during mid-day trading on Friday, reaching $37.61. The company's stock had a trading volume of 271,918 shares, compared to its average volume of 1,200,518. 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 stock has a market cap of $9.30 billion, a PE ratio of 14.31 and a beta of 0.74. The company's fifty day moving average price is $37.75 and its two-hundred day moving average price is $37.11. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is currently 47.15%.

Old Republic International Company 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.