Brandywine Global Investment Management LLC Lowers Stock Position in Old Republic International Co. (NYSE:ORI)

Brandywine Global Investment Management LLC trimmed its position in Old Republic International Co. (NYSE:ORI - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 548,457 shares of the insurance provider's stock after selling 13,781 shares during the period. Brandywine Global Investment Management LLC owned about 0.22% of Old Republic International worth $19,849,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Old Republic International during the fourth quarter worth $105,581,000. Raymond James Financial Inc. purchased a new position in Old Republic International during the fourth quarter worth approximately $67,054,000. Point72 Asset Management L.P. boosted its stake in Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock worth $21,612,000 after buying an additional 377,605 shares during the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth $5,209,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at about $5,409,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday. StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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Insider Buying and Selling

In other news, VP Thomas Dare sold 27,457 shares of Old Republic International 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company's stock.

Old Republic International Trading Down 0.5 %

ORI traded down $0.19 during mid-day trading on Thursday, hitting $39.60. 744,846 shares of the stock were exchanged, compared to its average volume of 1,275,803. The company has a market cap of $9.83 billion, a PE ratio of 15.04 and a beta of 0.83. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.84. 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 firm's fifty day moving average is $37.25 and its two-hundred day moving average is $36.53.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

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.