Hsbc Holdings PLC Has $4.67 Million Position in Old Republic International Co. (NYSE:ORI)

Hsbc Holdings PLC increased its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1,396.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,139 shares of the insurance provider's stock after buying an additional 121,443 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Old Republic International worth $4,667,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORI. Barclays PLC grew its holdings in Old Republic International by 51.3% in the 3rd quarter. Barclays PLC now owns 272,914 shares of the insurance provider's stock worth $9,665,000 after buying an additional 92,591 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth $531,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International in the 3rd quarter worth $28,000. Destination Wealth Management acquired a new stake in shares of Old Republic International during the third quarter worth $217,000. Finally, Synovus Financial Corp lifted its holdings in shares of Old Republic International by 4.5% during the third quarter. Synovus Financial Corp now owns 13,274 shares of the insurance provider's stock valued at $470,000 after purchasing an additional 573 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,941 shares of company stock valued at $1,540,590. 1.10% of the stock is owned by insiders.

Old Republic International Stock Up 2.2 %

Old Republic International stock traded up $0.83 during mid-day trading on Friday, hitting $38.13. The company's stock had a trading volume of 1,260,575 shares, compared to its average volume of 1,221,458. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84. The firm's 50 day moving average is $37.62 and its 200 day moving average is $36.83. The company has a market cap of $9.42 billion, a PE ratio of 14.50 and a beta of 0.68.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Old Republic International's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.29 per share. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's payout ratio is currently 47.15%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Raymond James set a $42.00 price target on shares of Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research note on Friday, April 25th.

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.