16,035 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Numerai GP LLC

Numerai GP LLC purchased 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 disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,035 shares of the insurance provider's stock, valued at approximately $580,000.

A number of other institutional investors also recently made changes to their positions in the stock. Atomi Financial Group Inc. lifted its position in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock worth $2,595,000 after acquiring an additional 19,400 shares in the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $5,209,000. Plato Investment Management Ltd purchased a new stake in shares of Old Republic International during the fourth quarter valued at $362,000. Finally, A&I Financial Services LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $497,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of the firm'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 transaction, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,354 shares of company stock worth $1,602,871. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Old Republic International Stock Performance

Old Republic International stock traded down $0.24 during mid-day trading on Tuesday, reaching $38.33. The company had a trading volume of 146,005 shares, compared to its average volume of 1,195,710. The company has a 50 day moving average of $37.74 and a 200-day moving average of $37.04. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84. 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 firm has a market cap of $9.47 billion, a price-to-earnings ratio of 14.58 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, beating analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. The firm's revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts expect 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. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.03%. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

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.