Charles Schwab Investment Management Inc. Has $53.42 Million Position in Old Republic International Co. (NYSE:ORI)

Charles Schwab Investment Management Inc. increased its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,817,104 shares of the insurance provider's stock after purchasing an additional 32,917 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of Old Republic International worth $53,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners II LLC purchased a new stake in shares of Old Republic International during the third quarter worth about $206,000. Allspring Global Investments Holdings LLC increased its holdings in Old Republic International by 195.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 34,851 shares of the insurance provider's stock valued at $939,000 after buying an additional 23,040 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Old Republic International in the 3rd quarter worth approximately $203,000. Fifth Third Bancorp lifted its stake in Old Republic International by 26.6% during the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider's stock worth $61,000 after purchasing an additional 479 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock worth $27,000 after purchasing an additional 909 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

ORI stock traded up $0.29 during mid-day trading on Friday, reaching $32.21. The company had a trading volume of 1,028,336 shares, compared to its average volume of 1,925,641. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $30.22 and its two-hundred day simple moving average is $29.31. The stock has a market capitalization of $8.76 billion, a P/E ratio of 12.53 and a beta of 0.81. Old Republic International Co. has a one year low of $24.17 and a one year high of $32.26.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. Research analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Old Republic International's dividend payout ratio is currently 41.25%.

Insider Buying and Selling

In related news, Director Therace Risch bought 6,086 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the purchase, the director now owns 6,086 shares in the company, valued at $181,180.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Therace Risch acquired 6,086 shares of the company's stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $29.77 per share, with a total value of $181,180.22. Following the purchase, the director now owns 6,086 shares of the company's stock, valued at $181,180.22. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 3,377 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,008,022.24. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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 report 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.

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.