Mubadala Investment Co PJSC Purchases New Stake in Old Republic International Co. (NYSE:ORI)

Mubadala Investment Co PJSC bought a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 66,524 shares of the insurance provider's stock, valued at approximately $2,408,000.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the 3rd quarter valued at $28,000. Fairway Wealth LLC acquired a new position in shares of Old Republic International during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International during the 4th quarter valued at $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the 4th quarter valued at $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction 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 in the company, valued at $5,335,369.20. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,354 shares of company stock worth $1,602,871 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 1.2%

ORI traded up $0.47 during trading on Friday, hitting $38.44. 829,084 shares of the company's stock were exchanged, compared to its average volume of 1,199,997. 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 business's 50 day moving average is $37.70 and its two-hundred day moving average is $36.98. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84. The stock has a market cap of $9.50 billion, a P/E ratio of 14.61 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. The business's revenue was up 11.4% on a year-over-year basis. As a group, equities analysts expect 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. Shareholders of record on Monday, March 10th were issued a dividend of $0.29 per share. 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. This represents a $1.16 annualized dividend and a yield of 3.02%. Old Republic International's dividend payout ratio is presently 47.15%.

Analyst Upgrades and Downgrades

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