Old Republic International Co. (NYSE:ORI) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,224 shares of the insurance provider's stock after buying an additional 14,700 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Old Republic International were worth $3,917,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Old Republic International in the 4th quarter valued at $105,581,000. Raymond James Financial Inc. purchased a new position in shares of Old Republic International in the 4th quarter valued at $67,054,000. Invesco Ltd. grew its position in shares of Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock valued at $85,044,000 after buying an additional 490,788 shares during the last quarter. Orca Wealth Management LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at $5,209,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at $5,409,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORI. Raymond James set a $42.00 target price on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Piper Sandler set a $42.00 target price on shares of Old Republic International in a report on Friday, April 25th.

Old Republic International Stock Performance

ORI traded down $0.19 on Thursday, hitting $37.41. 378,240 shares of the company traded hands, compared to its average volume of 1,226,612. The company has a 50 day moving average of $37.59 and a 200-day moving average of $36.80. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.25 billion, a PE ratio of 14.21 and a beta of 0.68. Old Republic International Co. has a 12-month low of $29.51 and a 12-month high of $39.84.

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 the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio is 47.15%.

Insider Transactions at Old Republic International

In related 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 $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,039 shares of company stock valued at $1,580,733. Corporate insiders own 1.10% of the company's stock.

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.