Tudor Investment Corp ET AL Has $8.41 Million Stock Position in Old Republic International Co. (NYSE:ORI)

Tudor Investment Corp ET AL grew its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 232,282 shares of the insurance provider's stock after purchasing an additional 82,469 shares during the quarter. Tudor Investment Corp ET AL owned about 0.09% of Old Republic International worth $8,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the third quarter worth $28,000. Fairway Wealth LLC acquired a new stake in Old Republic International during the 4th quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International during the fourth quarter worth about $34,000. Core Alternative Capital acquired a new position in Old Republic International in the fourth quarter valued at about $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International in the fourth quarter valued at about $39,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Up 0.1 %

Shares of Old Republic International stock traded up $0.02 during trading on Monday, reaching $38.16. The stock had a trading volume of 274,544 shares, compared to its average volume of 1,239,616. 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 company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 14.52 and a beta of 0.68. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84. The stock has a fifty day moving average price of $37.62 and a two-hundred day moving average price of $36.83.

Old Republic International (NYSE:ORI - Get Free Report) last released 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 return on equity of 20.32% and a net margin of 10.36%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insiders Place Their Bets

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business'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 transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares of the company's stock, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This 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 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORI shares. Raymond James set a $42.00 price objective on Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research note on Friday, April 25th. Finally, StockNews.com upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

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.