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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maridea Wealth Management LLC purchased a new position in Old Republic International during the fourth quarter valued at $269,000. denkapparat Operations GmbH purchased a new position in shares of Old Republic International during the fourth quarter valued at about $259,000. Pictet Asset Management Holding SA increased its holdings in shares of Old Republic International by 2.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,135 shares of the insurance provider's stock worth $1,235,000 after purchasing an additional 850 shares during the last quarter. Norges Bank purchased a new stake in shares of Old Republic International in the fourth quarter worth about $105,581,000. Finally, Caisse Des Depots ET Consignations bought a new position in Old Republic International during the fourth quarter valued at approximately $4,034,000. Institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on ORI shares. Piper Sandler lifted their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction 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 sale, the vice president now owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is currently owned by insiders.

Old Republic International Trading Down 7.8 %

Shares of NYSE:ORI traded down $3.07 during trading on Friday, reaching $36.29. The company's stock had a trading volume of 1,773,712 shares, compared to its average volume of 1,281,232. The stock has a market capitalization of $9.01 billion, a PE ratio of 13.80 and a beta of 0.83. Old Republic International Co. has a 12 month low of $28.59 and a 12 month 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 50 day simple moving average is $37.31 and its two-hundred day simple moving average is $36.55.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.20%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is currently 44.11%.

About Old Republic International

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.