Tower Research Capital LLC TRC Acquires 15,173 Shares of Old Republic International Co. (NYSE:ORI)

Tower Research Capital LLC TRC increased its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 278.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,622 shares of the insurance provider's stock after purchasing an additional 15,173 shares during the period. Tower Research Capital LLC TRC's holdings in Old Republic International were worth $746,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. 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 worth $279,000 after acquiring an additional 302 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC bought a new position in shares of Old Republic International during the fourth quarter worth $5,209,000. JPMorgan Chase & Co. grew its stake in Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after acquiring an additional 42,934 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in Old Republic International during the 4th quarter worth approximately $362,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Trading Up 2.1 %

Shares of ORI traded up $0.79 during trading hours on Friday, hitting $38.09. 216,853 shares of the stock were exchanged, compared to its average volume of 1,238,658. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84. 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 firm has a market capitalization of $9.41 billion, a P/E ratio of 14.48 and a beta of 0.68. The business has a 50-day moving average of $37.60 and a 200-day moving average of $36.81.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, research analysts expect 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. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's payout ratio is 47.15%.

Analysts Set New Price Targets

ORI has been the topic of several analyst reports. Raymond James set a $42.00 price target on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Finally, StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

Insider Activity at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,941 shares of company stock valued at $1,540,590 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.