LSV Asset Management Purchases 9,700 Shares of Old Republic International Co. (NYSE:ORI)

LSV Asset Management increased its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,665,707 shares of the insurance provider's stock after purchasing an additional 9,700 shares during the period. LSV Asset Management owned 0.66% of Old Republic International worth $60,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ORI. Parallel Advisors LLC increased its holdings in shares of Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after buying an additional 290 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Old Republic International by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock worth $677,000 after acquiring an additional 295 shares during the last quarter. Ironwood Investment Management LLC grew its stake in Old Republic International by 1.3% during the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after purchasing an additional 301 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after acquiring an additional 302 shares during the period. Finally, Berry Wealth Group LP raised its stake in shares of Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after buying an additional 310 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Old Republic International Stock Performance

Shares of Old Republic International stock traded up $0.28 on Wednesday, reaching $38.03. 286,677 shares of the stock were exchanged, compared to its average volume of 1,271,771. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.84. The firm has a market capitalization of $9.40 billion, a PE ratio of 14.46 and a beta of 0.68. The business has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $36.62.

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

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's payout ratio is 44.11%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ORI shares. Piper Sandler increased their price target on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insiders Place Their Bets

In other news, SVP Carolyn Monroe sold 9,188 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock valued at $1,580,733 over the last quarter. Insiders own 1.10% of the company's stock.

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.