Point72 Hong Kong Ltd Has $735,000 Stock Position in Old Republic International Co. (NYSE:ORI)

Point72 Hong Kong Ltd lessened its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,313 shares of the insurance provider's stock after selling 31,793 shares during the quarter. Point72 Hong Kong Ltd's holdings in Old Republic International were worth $735,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Old Republic International by 14.4% during the fourth quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock worth $114,940,000 after acquiring an additional 400,384 shares during the last quarter. Norges Bank bought a new stake in Old Republic International during the 4th quarter valued at $105,581,000. Invesco Ltd. lifted its holdings in Old Republic International by 26.4% in the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after purchasing an additional 490,788 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Old Republic International by 2.7% in the fourth quarter. AQR Capital Management LLC now owns 1,885,011 shares of the insurance provider's stock valued at $68,219,000 after acquiring an additional 49,160 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Old Republic International during the fourth quarter worth about $67,054,000. Institutional investors own 70.92% of the company's stock.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the 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 directly owns 138,222 shares of the company's stock, valued at $5,335,369.20. This represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction dated 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 in the company, valued at approximately $1,699,294. This trade represents a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock worth $1,602,871 over the last 90 days. Insiders own 1.10% of the company's stock.

Old Republic International Stock Up 0.2%

ORI traded up $0.09 during trading on Monday, reaching $38.54. 995,101 shares of the stock traded hands, compared to its average volume of 1,199,863. The stock's 50-day simple moving average is $37.74 and its two-hundred day simple moving average is $37.04. 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 fifty-two week low of $29.51 and a fifty-two week high of $39.84. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.74.

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

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's payout ratio is currently 47.15%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORI. StockNews.com upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Raymond James set a $42.00 price objective on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Piper Sandler set a $42.00 target price on Old Republic International in a report 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.