The Manufacturers Life Insurance Company Sells 6,595 Shares of Old Republic International Co. (NYSE:ORI)

The Manufacturers Life Insurance Company cut its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 191,910 shares of the insurance provider's stock after selling 6,595 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Old Republic International worth $6,945,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its holdings in Old Republic International by 55.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 232,282 shares of the insurance provider's stock worth $8,406,000 after buying an additional 82,469 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Old Republic International during the 4th quarter worth about $660,000. Integrated Wealth Concepts LLC raised its holdings in shares of Old Republic International by 12.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 94,346 shares of the insurance provider's stock valued at $3,414,000 after purchasing an additional 10,623 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Old Republic International by 15.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 108,224 shares of the insurance provider's stock valued at $3,917,000 after purchasing an additional 14,700 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in Old Republic International by 0.7% during the fourth quarter. Pinebridge Investments L.P. now owns 113,673 shares of the insurance provider's stock worth $4,114,000 after purchasing an additional 842 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Old Republic International 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 value of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president now owns 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,354 shares of company stock worth $1,602,871 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Old Republic International Stock Performance

ORI traded down $0.21 during trading on Friday, hitting $37.89. The stock had a trading volume of 1,080,126 shares, compared to its average volume of 1,209,325. 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 company has a 50 day moving average price of $37.63 and a 200-day moving average price of $36.88. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 14.41 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.03 billion. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company 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. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.06%. Old Republic International's dividend payout ratio is currently 47.15%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday, April 28th.

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.