9,189 Shares in Old Republic International Co. (NYSE:ORI) Bought by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,189 shares of the insurance provider's stock, valued at approximately $333,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the third quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in Old Republic International during the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International in the fourth quarter valued at $34,000. Core Alternative Capital purchased a new stake in shares of Old Republic International in the fourth quarter valued at about $36,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Wall Street Analysts Forecast Growth

ORI has been the topic of several recent research reports. Piper Sandler boosted their price target on Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a report on Friday.

Old Republic International Stock Performance

Shares of NYSE:ORI traded up $0.12 during midday trading on Monday, hitting $37.40. The stock had a trading volume of 337,492 shares, compared to its average volume of 1,227,608. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $37.52 and a two-hundred day moving average price of $36.77. Old Republic International Co. has a 1 year low of $29.51 and a 1 year high of $39.84. The company has a market capitalization of $9.24 billion, a PE ratio of 14.21 and a beta of 0.68.

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 for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. 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 presently 47.15%.

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 that occurred 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 in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. This represents 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. 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.