Old Republic International Co. (NYSE:ORI) Position Boosted by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp boosted its position in Old Republic International Co. (NYSE:ORI - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 436,716 shares of the insurance provider's stock after buying an additional 36,754 shares during the quarter. Alaska Permanent Fund Corp owned approximately 0.16% of Old Republic International worth $12,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ORI. Allworth Financial LP grew its position in shares of Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 909 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Old Republic International during the fourth quarter valued at $29,000. Naples Money Management LLC bought a new stake in Old Republic International during the fourth quarter valued at $34,000. GAMMA Investing LLC bought a new stake in Old Republic International during the fourth quarter valued at $34,000. Finally, Blue Trust Inc. boosted its stake in Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider's stock valued at $37,000 after buying an additional 526 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Down 0.9 %

Shares of ORI traded down $0.28 during trading hours on Thursday, hitting $30.02. The company had a trading volume of 3,554,796 shares, compared to its average volume of 1,730,845. The firm has a market cap of $8.27 billion, a P/E ratio of 14.30 and a beta of 0.81. The stock's 50 day moving average price is $29.55 and its 200 day moving average price is $28.88. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.25. Old Republic International Co. has a 52-week low of $24.03 and a 52-week high of $31.22.

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). The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. On average, research analysts predict that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared 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 yield of 3.53%. 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 payout ratio is currently 50.48%.

Insider Activity at Old Republic International

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

Analyst Ratings Changes

Several brokerages have issued reports on ORI. StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a research note 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, April 1st.

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.