Old Republic International Co. (NYSE:ORI) Stock Holdings Increased by Paradiem LLC

Paradiem LLC grew its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,352 shares of the insurance provider's stock after purchasing an additional 67,104 shares during the quarter. Old Republic International makes up approximately 2.2% of Paradiem LLC's portfolio, making the stock its 12th largest holding. Paradiem LLC owned 0.09% of Old Republic International worth $7,831,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ORI. UBS Group AG grew its position in shares of Old Republic International by 1,208.9% in the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider's stock valued at $40,715,000 after purchasing an additional 1,395,849 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider's stock valued at $40,590,000 after buying an additional 876,872 shares during the period. Invesco Ltd. lifted its stake in shares of Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider's stock valued at $60,966,000 after buying an additional 804,803 shares during the period. Boston Financial Mangement LLC lifted its stake in shares of Old Republic International by 701.3% during the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider's stock valued at $20,936,000 after buying an additional 680,146 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Old Republic International by 669.5% during the third quarter. Qube Research & Technologies Ltd now owns 602,842 shares of the insurance provider's stock valued at $16,241,000 after buying an additional 524,502 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Barbara Adachi purchased 1,925 shares of the business's stock in a transaction on Friday, February 16th. The shares were bought 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 directly owns 7,845 shares in the company, valued at approximately $224,367. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction on Friday, February 2nd. The shares were 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 owns 35,340 shares of the company's stock, valued at $979,271.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Adachi acquired 1,925 shares of the company's stock in a transaction dated Friday, February 16th. The stock was acquired 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 of the company's stock, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORI. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday. Piper Sandler upped their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 1st.

Old Republic International Trading Up 0.4 %

NYSE:ORI traded up $0.11 during trading hours on Friday, reaching $30.13. 2,514,075 shares of the company were exchanged, compared to its average volume of 1,795,296. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 11.72 and a beta of 0.81. Old Republic International Co. has a 52-week low of $24.03 and a 52-week high of $31.22. The stock has a 50 day simple moving average of $29.58 and a 200 day simple moving average of $28.93.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. As a group, analysts predict that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a dividend of $0.265 per share. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.52%. This is an increase from Old Republic International's previous quarterly dividend of $0.25. Old Republic International's dividend payout ratio (DPR) is currently 41.25%.

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.