Old Republic International Co. (NYSE:ORI) Shares Sold by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. reduced its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,379 shares of the insurance provider's stock after selling 10,242 shares during the period. Leith Wheeler Investment Counsel Ltd. owned approximately 0.11% of Old Republic International worth $10,364,000 at the end of the most recent reporting period.

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

Old Republic International Stock Performance

Shares of ORI stock traded up $0.83 during mid-day trading on Friday, hitting $38.13. The stock had a trading volume of 1,260,575 shares, compared to its average volume of 1,221,458. The firm has a market cap of $9.42 billion, a PE ratio of 14.50 and a beta of 0.68. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84. The company's 50-day simple moving average is $37.62 and its 200-day simple moving average is $36.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business's revenue was up 11.4% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. 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%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,941 shares of company stock valued at $1,540,590. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORI. Piper Sandler set a $42.00 target price on shares of Old Republic International in a report on Friday, April 25th. StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Raymond James set a $42.00 price objective on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th.

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.