Old Republic International Co. (NYSE:ORI) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 436,420 shares of the insurance provider's stock after buying an additional 49,329 shares during the quarter. Nordea Investment Management AB owned about 0.16% of Old Republic International worth $12,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avantax Planning Partners Inc. lifted its position in Old Republic International by 5.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider's stock valued at $261,000 after buying an additional 463 shares during the period. MBM Wealth Consultants LLC lifted its position in Old Republic International by 4.8% during the third quarter. MBM Wealth Consultants LLC now owns 10,280 shares of the insurance provider's stock valued at $277,000 after buying an additional 467 shares during the period. Mutual Advisors LLC lifted its position in Old Republic International by 4.2% during the second quarter. Mutual Advisors LLC now owns 11,546 shares of the insurance provider's stock valued at $258,000 after buying an additional 467 shares during the period. Buckingham Strategic Wealth LLC lifted its position in Old Republic International by 3.4% during the second quarter. Buckingham Strategic Wealth LLC now owns 14,434 shares of the insurance provider's stock valued at $363,000 after buying an additional 469 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Old Republic International by 26.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider's stock worth $61,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company's stock.

Analysts Set New Price Targets

ORI has been the subject of several recent analyst reports. StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a research report on Friday, January 26th. Piper Sandler raised Old Republic International from a "neutral" rating to an "overweight" rating and set a $32.00 price target for the company in a research report on Monday, February 12th.

Old Republic International Stock Up 0.2 %

Shares of ORI traded up $0.05 during trading hours on Thursday, hitting $29.94. The company had a trading volume of 1,890,230 shares, compared to its average volume of 1,687,385. Old Republic International Co. has a 52-week low of $23.47 and a 52-week high of $30.60. The firm has a fifty day moving average price of $28.87 and a 200-day moving average price of $28.38. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 14.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. On average, equities research analysts forecast that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Monday, March 11th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.54%. This is an increase from Old Republic International's previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 8th. Old Republic International's dividend payout ratio (DPR) is presently 50.48%.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 6,528 shares of Old Republic International stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares in the company, valued at approximately $979,271.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares in the company, valued at approximately $979,271.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara Adachi purchased 1,925 shares of the business's stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now owns 7,845 shares in the company, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

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 the Republic Financial Indemnity Group Run-off Business.