Old Republic International Co. (NYSE:ORI) Shares Sold by Interval Partners LP

Interval Partners LP decreased its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,253 shares of the insurance provider's stock after selling 140,793 shares during the period. Interval Partners LP owned 0.09% of Old Republic International worth $7,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its position in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after purchasing an additional 302 shares during the period. Nisa Investment Advisors LLC raised its stake in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after acquiring an additional 19,400 shares in the last quarter. Orca Wealth Management LLC bought a new stake in Old Republic International during the 4th quarter valued at $5,209,000. Plato Investment Management Ltd bought a new stake in Old Republic International during the 4th quarter valued at $362,000. Finally, A&I Financial Services LLC bought a new stake in Old Republic International during the 4th quarter valued at $497,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Price Performance

Shares of ORI traded up $0.59 during midday trading on Thursday, reaching $37.93. The stock had a trading volume of 681,582 shares, compared to its average volume of 1,203,627. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm's 50 day moving average price is $37.64 and its 200-day moving average price is $36.94. The company has a market capitalization of $9.37 billion, a P/E ratio of 14.42 and a beta of 0.74.

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, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. The business's quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's payout ratio is currently 47.15%.

Analyst Ratings Changes

ORI has been the topic of several recent analyst reports. Raymond James set a $42.00 target price on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Piper Sandler set a $42.00 target price on Old Republic International in a research note on Friday, April 25th. Finally, StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the transaction, the senior vice president now directly owns 35,755 shares in the company, valued at $1,336,521.90. The trade was a 22.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction 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 completion of the transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,354 shares of company stock valued at $1,602,871. Corporate insiders own 1.10% of the company's stock.

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.