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.
Read Our Latest Report on Old Republic International
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
(
Free Report)
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.
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