Systematic Financial Management LP Buys 27,443 Shares of Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP grew its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 910,225 shares of the insurance provider's stock after acquiring an additional 27,443 shares during the quarter. Systematic Financial Management LP owned about 0.36% of Old Republic International worth $32,941,000 as of its most recent SEC filing.

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

Old Republic International Trading Down 0.8%

NYSE ORI traded down $0.29 on Thursday, hitting $37.30. 362,357 shares of the stock were exchanged, compared to its average volume of 1,196,321. The company's 50-day moving average price is $37.78 and its two-hundred day moving average price 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. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 14.18 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The company 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 revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. Old Republic International's payout ratio is presently 47.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ORI shares. 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. Piper Sandler set a $42.00 price target on Old Republic International in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

Insider Buying and Selling at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction 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 $5,335,369.20. The trade was a 3.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares of the company's stock, valued at approximately $1,699,294. The trade was a 37.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,354 shares of company stock worth $1,602,871. 1.10% of the stock is currently owned by company insiders.

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.