Marshall Wace LLP Has $1.91 Million Stake in Old Republic International Co. (NYSE:ORI)

Marshall Wace LLP raised its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 235.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,769 shares of the insurance provider's stock after acquiring an additional 37,015 shares during the quarter. Marshall Wace LLP's holdings in Old Republic International were worth $1,910,000 as of its most recent filing with the SEC.

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

Old Republic International Stock Up 1.8 %

Shares of ORI stock traded up $0.67 on Friday, reaching $37.97. 155,566 shares of the company's stock traded hands, compared to its average volume of 1,222,521. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market capitalization of $9.38 billion, a P/E ratio of 14.44 and a beta of 0.68. The business's 50 day moving average price is $37.60 and its two-hundred day moving average price is $36.81. 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 released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business 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, equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Analyst Ratings Changes

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

Insider Buying and Selling at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,941 shares of company stock valued at $1,540,590 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.