Heartland Advisors Inc. Sells 93,151 Shares of Old Republic International Co. (NYSE:ORI)

Heartland Advisors Inc. lowered its position in Old Republic International Co. (NYSE:ORI - Free Report) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,373 shares of the insurance provider's stock after selling 93,151 shares during the quarter. Heartland Advisors Inc. owned 0.16% of Old Republic International worth $13,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in Old Republic International by 13.1% during the 3rd quarter. Northern Trust Corp now owns 2,460,669 shares of the insurance provider's stock worth $66,290,000 after purchasing an additional 284,491 shares during the last quarter. Invesco Ltd. raised its holdings in Old Republic International by 55.2% during the 3rd quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider's stock worth $60,966,000 after purchasing an additional 804,803 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Old Republic International by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider's stock worth $53,423,000 after purchasing an additional 32,917 shares during the last quarter. AQR Capital Management LLC raised its holdings in Old Republic International by 3.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,812,451 shares of the insurance provider's stock worth $48,827,000 after purchasing an additional 58,008 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Old Republic International by 6.9% during the 4th quarter. LSV Asset Management now owns 1,632,300 shares of the insurance provider's stock worth $47,990,000 after buying an additional 105,310 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ORI. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. 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 report on Monday, April 1st.

Insider Transactions at Old Republic International

In other Old Republic International news, Director Barbara Adachi bought 1,925 shares of Old Republic International 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 of the company's stock, valued at $224,367. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Carolyn Monroe sold 3,377 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the transaction, the senior vice president now owns 33,556 shares of the company's stock, valued at approximately $1,008,022.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on 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 acquisition, the director now owns 7,845 shares in the company, valued at approximately $224,367. The disclosure for this purchase can be found here. Corporate insiders own 0.78% of the company's stock.

Old Republic International Trading Up 1.0 %

ORI traded up $0.31 during midday trading on Tuesday, reaching $31.43. 1,706,255 shares of the company's stock traded hands, compared to its average volume of 1,741,468. The firm has a fifty day moving average of $30.06 and a two-hundred day moving average of $29.24. Old Republic International Co. has a 52 week low of $24.17 and a 52 week high of $31.59. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 12.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were issued a dividend of $0.265 per share. This is an increase from Old Republic International's previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.37%. Old Republic International's dividend payout ratio is 41.25%.

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.

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