Northern Trust Corp Boosts Holdings in Old Republic International Co. (NYSE:ORI)

Northern Trust Corp lifted its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,176,002 shares of the insurance provider's stock after buying an additional 400,384 shares during the quarter. Northern Trust Corp owned about 1.25% of Old Republic International worth $114,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Old Republic International Stock Up 2.2 %

Shares of Old Republic International stock opened at $38.13 on Friday. The company has a 50-day simple moving average of $37.62 and a two-hundred day simple moving average of $36.83. 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 quick ratio of 0.28 and a current ratio of 0.62. The stock has a market capitalization of $9.42 billion, a PE ratio of 14.50 and a beta of 0.68.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The business 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%. Old Republic International's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Old Republic International Co. will post 3.17 EPS 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 annualized dividend and a yield of 3.04%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORI shares. Raymond James set a $42.00 price objective on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Piper Sandler set a $42.00 price objective on Old Republic International in a research note on Friday, April 25th.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,941 shares of company stock worth $1,540,590. Company insiders own 1.10% of the company's stock.

About Old Republic International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.