Old Republic International Co. (NYSE:ORI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 504,460 shares of the insurance provider's stock after selling 7,759 shares during the quarter. First Trust Advisors LP owned approximately 0.20% of Old Republic International worth $18,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the 3rd quarter worth $28,000. Fairway Wealth LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International in the 4th quarter valued at about $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $39,000. 70.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction that occurred on 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 sale, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,941 shares of company stock valued at $1,540,590 over the last ninety days. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Performance

Shares of ORI stock traded up $0.74 during mid-day trading on Friday, reaching $38.04. The stock had a trading volume of 181,208 shares, compared to its average volume of 1,238,233. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 14.46 and a beta of 0.68. 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 business's fifty day moving average is $37.60 and its 200-day moving average is $36.81.

Old Republic International (NYSE:ORI - Get Free Report) last released 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 business 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 firm's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.05%. Old Republic International's dividend payout ratio is presently 47.15%.

Wall Street Analyst Weigh In

ORI has been the topic of several research analyst reports. 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 objective on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday. Finally, StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

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.