Louisiana State Employees Retirement System Buys Shares of 73,200 Old Republic International Co. (NYSE:ORI)

Louisiana State Employees Retirement System acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 73,200 shares of the insurance provider's stock, valued at approximately $2,152,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ORI. HBK Sorce Advisory LLC purchased a new position in Old Republic International in the 4th quarter valued at $1,063,000. International Assets Investment Management LLC raised its holdings in Old Republic International by 2,849.9% in the 4th quarter. International Assets Investment Management LLC now owns 124,428 shares of the insurance provider's stock valued at $3,658,000 after acquiring an additional 120,210 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Old Republic International by 13.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,567 shares of the insurance provider's stock worth $252,000 after purchasing an additional 1,034 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $333,000. Finally, Venturi Wealth Management LLC grew its position in shares of Old Republic International by 1,337.8% in the fourth quarter. Venturi Wealth Management LLC now owns 7,333 shares of the insurance provider's stock valued at $216,000 after purchasing an additional 6,823 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Up 1.7 %

Shares of NYSE:ORI traded up $0.48 during midday trading on Thursday, reaching $29.12. 2,370,111 shares of the company's stock were exchanged, compared to its average volume of 1,685,132. The firm's 50 day simple moving average is $29.36 and its two-hundred day simple moving average is $28.75. Old Republic International Co. has a fifty-two week low of $24.03 and a fifty-two week high of $31.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 13.85 and a beta of 0.81.

Old Republic International (NYSE:ORI - Get Free Report) last issued 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, sell-side analysts forecast that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.265 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.64%. Old Republic International's payout ratio is presently 50.48%.

Insider Activity at Old Republic International

In other Old Republic International 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 transaction, the senior vice president now directly owns 35,340 shares of the company's stock, valued at approximately $979,271.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Barbara Adachi bought 1,925 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 6,528 shares of the company's 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 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. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORI. Piper Sandler raised their target price on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

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.