Assenagon Asset Management S.A. Buys New Holdings in Old Republic International Co. (NYSE:ORI)

Assenagon Asset Management S.A. acquired a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 111,208 shares of the insurance provider's stock, valued at approximately $3,270,000.

A number of other hedge funds also recently made changes to their positions in ORI. American Century Companies Inc. boosted its stake in Old Republic International by 58.9% in the first quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider's stock worth $1,471,000 after buying an additional 21,064 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Old Republic International by 31.1% in the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider's stock valued at $448,000 after purchasing an additional 4,088 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Old Republic International by 21.5% during the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider's stock valued at $573,000 after purchasing an additional 3,918 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Old Republic International in the 1st quarter worth $296,000. Finally, Panagora Asset Management Inc. lifted its stake in Old Republic International by 2.3% in the first quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider's stock worth $553,000 after purchasing an additional 484 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ORI shares. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Friday, January 26th. Piper Sandler lifted their price target on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday.

Old Republic International Trading Up 0.6 %

Old Republic International stock traded up $0.19 during trading hours on Wednesday, reaching $30.92. The stock had a trading volume of 1,587,548 shares, compared to its average volume of 1,677,385. The stock has a market cap of $8.52 billion, a PE ratio of 14.72 and a beta of 0.81. The company has a fifty day simple moving average of $28.97 and a 200-day simple moving average of $28.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. Old Republic International Co. has a 52 week low of $24.03 and a 52 week high of $31.02.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. 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 announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Friday, March 8th. This is an increase from Old Republic International's previous quarterly dividend of $0.25. Old Republic International's dividend payout ratio is currently 50.48%.

Insider Buying and Selling

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

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.