Old Republic International Co. (NYSE:ORI) Shares Bought by Capital Fund Management S.A.

Capital Fund Management S.A. lifted its position in Old Republic International Co. (NYSE:ORI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 410,405 shares of the insurance provider's stock after acquiring an additional 24,477 shares during the period. Capital Fund Management S.A. owned about 0.16% of Old Republic International worth $14,853,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ORI. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International in the third quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International in the 4th quarter valued at $34,000. Core Alternative Capital bought a new position in Old Republic International in the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC acquired a new stake in Old Republic International in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Performance

NYSE:ORI traded up $0.35 during trading on Wednesday, reaching $38.10. The company's stock had a trading volume of 214,097 shares, compared to its average volume of 1,240,707. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a 50 day moving average of $37.30 and a 200-day moving average of $36.62. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.84. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 14.49 and a beta of 0.68.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's payout ratio is 44.11%.

Insider Buying and Selling at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now 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 90 days, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORI has been the subject of a number of recent research reports. StockNews.com cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler boosted their price objective on shares of Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st.

Old Republic International 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.