Victory Capital Management Inc. Sells 799,680 Shares of Old Republic International Co. (NYSE:ORI)

Victory Capital Management Inc. cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,926,339 shares of the insurance provider's stock after selling 799,680 shares during the quarter. Victory Capital Management Inc. owned about 4.97% of Old Republic International worth $409,434,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of Old Republic International by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider's stock valued at $12,826,000 after acquiring an additional 49,329 shares during the last quarter. Alaska Permanent Fund Corp boosted its holdings in shares of Old Republic International by 9.2% in the fourth quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider's stock valued at $12,839,000 after buying an additional 36,754 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Old Republic International by 92.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider's stock worth $2,522,000 after purchasing an additional 44,895 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Old Republic International in the 4th quarter valued at approximately $3,270,000. Finally, Etesian Wealth Advisors Inc. raised its holdings in shares of Old Republic International by 1.7% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 49,520 shares of the insurance provider's stock valued at $1,458,000 after purchasing an additional 808 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ORI. Piper Sandler lifted their price target 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. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 26th.

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Barbara Adachi purchased 1,925 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the purchase, the director now owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 6,528 shares of the firm's stock in a transaction 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 transaction, 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. 0.78% of the stock is currently owned by corporate insiders.

Old Republic International Stock Performance

Shares of ORI stock traded up $0.41 during trading on Wednesday, reaching $30.27. 2,084,565 shares of the company's stock were exchanged, compared to its average volume of 1,746,467. The firm's fifty day moving average price is $29.64 and its 200-day moving average price is $28.97. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.34 billion, a PE ratio of 11.78 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $31.22.

Old Republic International Increases Dividend

The company 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 is a boost from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International's dividend payout ratio (DPR) is presently 41.25%.

Old Republic International Company 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.