Barclays PLC Cuts Stock Holdings in Old Republic International Co. (NYSE:ORI)

Barclays PLC lessened its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,740 shares of the insurance provider's stock after selling 90,174 shares during the quarter. Barclays PLC owned approximately 0.07% of Old Republic International worth $6,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Townsquare Capital LLC grew its stake in shares of Old Republic International by 31.7% during the fourth quarter. Townsquare Capital LLC now owns 13,341 shares of the insurance provider's stock worth $483,000 after buying an additional 3,215 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Old Republic International by 20.0% during the fourth quarter. Sterling Capital Management LLC now owns 26,593 shares of the insurance provider's stock worth $962,000 after buying an additional 4,439 shares during the last quarter. LSV Asset Management grew its stake in shares of Old Republic International by 0.6% during the fourth quarter. LSV Asset Management now owns 1,665,707 shares of the insurance provider's stock worth $60,282,000 after buying an additional 9,700 shares during the last quarter. Capital Fund Management S.A. grew its stake in shares of Old Republic International by 6.3% during the fourth quarter. Capital Fund Management S.A. now owns 410,405 shares of the insurance provider's stock worth $14,853,000 after buying an additional 24,477 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Old Republic International by 4.5% during the fourth quarter. Advisory Services Network LLC now owns 9,452 shares of the insurance provider's stock worth $342,000 after buying an additional 404 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com raised shares of 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 objective on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday. 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 Trading Down 0.5 %

ORI traded down $0.20 during trading on Wednesday, reaching $37.56. 1,691,036 shares of the stock traded hands, compared to its average volume of 1,229,873. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.28 billion, a PE ratio of 14.28 and a beta of 0.68. The stock's 50-day moving average is $37.57 and its 200 day moving average is $36.79. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84.

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

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,039 shares of company stock valued at $1,580,733. Company insiders own 1.10% of the company's stock.

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.