Los Angeles Capital Management LLC Boosts Stake in Old Republic International Co. (NYSE:ORI)

Los Angeles Capital Management LLC raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 3,068.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,434 shares of the insurance provider's stock after acquiring an additional 473,020 shares during the period. Los Angeles Capital Management LLC owned approximately 0.17% of Old Republic International worth $14,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORI. Northern Trust Corp grew its stake in shares of Old Republic International by 13.1% in the 3rd quarter. Northern Trust Corp now owns 2,460,669 shares of the insurance provider's stock worth $66,290,000 after buying an additional 284,491 shares in the last quarter. Invesco Ltd. increased its stake in Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider's stock worth $60,966,000 after acquiring an additional 804,803 shares during the last quarter. AQR Capital Management LLC raised its position in Old Republic International by 3.3% during the third quarter. AQR Capital Management LLC now owns 1,812,451 shares of the insurance provider's stock valued at $48,827,000 after purchasing an additional 58,008 shares during the period. LSV Asset Management lifted its stake in shares of Old Republic International by 44.3% in the 3rd quarter. LSV Asset Management now owns 1,526,990 shares of the insurance provider's stock valued at $41,137,000 after purchasing an additional 469,000 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Old Republic International by 1,208.9% in the 3rd quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider's stock worth $40,715,000 after purchasing an additional 1,395,849 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 1st.

Old Republic International Trading Down 0.1 %

Shares of NYSE ORI traded down $0.02 during mid-day trading on Friday, reaching $30.62. The company had a trading volume of 1,388,533 shares, compared to its average volume of 2,031,370. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 11.91 and a beta of 0.81. Old Republic International Co. has a 52 week low of $24.17 and a 52 week high of $31.22. The business's 50-day moving average is $29.76 and its 200-day moving average is $29.02. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change 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 3.46%. Old Republic International's dividend payout ratio (DPR) is 41.25%.

Insider Activity at Old Republic International

In other news, Director Barbara Adachi acquired 1,925 shares of Old Republic International stock in a transaction 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 acquisition, the director now directly owns 7,845 shares of the company's stock, valued at approximately $224,367. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Old Republic International news, Director Barbara Adachi bought 1,925 shares of the business's stock in a transaction on Friday, February 16th. The shares were acquired at an average price of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now owns 7,845 shares of the company's stock, valued at approximately $224,367. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Therace Risch purchased 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, with a total value of $181,180.22. Following the transaction, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

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.