MetLife Investment Management LLC Acquires 8,450 Shares of Old Republic International Co. (NYSE:ORI)

MetLife Investment Management LLC boosted its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,552 shares of the insurance provider's stock after purchasing an additional 8,450 shares during the quarter. MetLife Investment Management LLC owned 0.05% of Old Republic International worth $4,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Old Republic International in the fourth quarter valued at about $105,581,000. Raymond James Financial Inc. acquired a new position in shares of Old Republic International in the 4th quarter valued at approximately $67,054,000. Invesco Ltd. raised 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 in the last quarter. Orca Wealth Management LLC bought a new stake in shares of Old Republic International during the 4th quarter worth approximately $5,209,000. Finally, Wealthfront Advisers LLC bought a new position in Old Republic International in the fourth quarter valued at approximately $5,409,000. Institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler set a $42.00 target price on Old Republic International in a research note on Friday, April 25th. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 target price on Old Republic International and gave the company an "outperform" rating in a research report on Monday.

Old Republic International Price Performance

Shares of NYSE ORI traded down $0.20 during midday trading on Wednesday, reaching $37.56. 1,691,036 shares of the company were exchanged, compared to its average volume of 1,229,873. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84. The stock has a market cap of $9.28 billion, a P/E ratio of 14.28 and a beta of 0.68. 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's 50-day moving average price is $37.59 and its 200-day moving average price is $36.80.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date 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 47.15%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the business'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 transaction 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. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock worth $1,580,733 in the last ninety days. Company 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.