denkapparat Operations GmbH Makes New Investment in Old Republic International Co. (NYSE:ORI)

denkapparat Operations GmbH acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,162 shares of the insurance provider's stock, valued at approximately $259,000.

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

Old Republic International Stock Up 1.1 %

Old Republic International stock traded up $0.42 during mid-day trading on Tuesday, reaching $39.64. The company's stock had a trading volume of 587,907 shares, compared to its average volume of 1,280,210. The business's 50 day simple moving average is $37.10 and its 200 day simple moving average is $36.47. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.84. 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 company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 15.09 and a beta of 0.83.

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Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results 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 return on equity of 20.32% and a net margin of 10.36%. As a group, research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.93%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio is presently 44.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ORI shares. StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Piper Sandler increased their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares of the company's stock, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 in the last ninety days. 1.00% of the stock is currently owned by company 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.