ProShare Advisors LLC Has $34.89 Million Stock Position in Old Republic International Co. (NYSE:ORI)

ProShare Advisors LLC cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 964,150 shares of the insurance provider's stock after selling 44,713 shares during the period. ProShare Advisors LLC owned 0.38% of Old Republic International worth $34,893,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in Old Republic International by 1.6% during the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after acquiring an additional 290 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after purchasing an additional 295 shares in the last quarter. Ironwood Investment Management LLC raised its stake in shares of Old Republic International by 1.3% in the fourth 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 in the last quarter. Atomi Financial Group Inc. raised 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 valued at $279,000 after purchasing an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP raised its stake in shares of Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 310 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president now owns 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their position. 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.

Analyst Ratings Changes

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

Old Republic International Price Performance

Shares of ORI stock traded down $0.58 during trading hours on Wednesday, hitting $37.83. 287,914 shares of the company's stock were exchanged, compared to its average volume of 1,196,110. The stock's 50-day moving average is $37.78 and its 200-day moving average is $37.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 14.40 and a beta of 0.74. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84.

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, beating the consensus estimate 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 return on equity of 20.32% and a net margin of 10.36%. The business's quarterly revenue was up 11.4% on a year-over-year basis. As a group, research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.29 dividend. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.07%. Old Republic International's dividend payout ratio (DPR) is currently 47.15%.

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.