Caisse Des Depots ET Consignations Buys Shares of 111,456 Old Republic International Co. (NYSE:ORI)

Caisse Des Depots ET Consignations purchased a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 111,456 shares of the insurance provider's stock, valued at approximately $4,034,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC boosted its position in shares of Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock worth $4,262,000 after acquiring an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock worth $2,595,000 after purchasing an additional 19,400 shares during the last quarter. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter worth about $5,209,000. Finally, JPMorgan Chase & Co. boosted its stake in Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after buying an additional 42,934 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Old Republic International Trading Up 0.6 %

ORI stock traded up $0.25 during midday trading on Monday, reaching $39.20. 371,842 shares of the company traded hands, compared to its average volume of 1,277,205. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 14.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The business has a 50 day moving average of $37.04 and a 200-day moving average of $36.44. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.54.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. As a group, sell-side analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 2.96%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Insider Activity

In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred 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 sale, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is currently owned by 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.