Old Republic International Co. (NYSE:ORI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,132,743 shares of the insurance provider's stock after selling 80,801 shares during the period. Dimensional Fund Advisors LP owned about 2.81% of Old Republic International worth $258,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the 3rd quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in Old Republic International during the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International during the 4th quarter worth $34,000. Core Alternative Capital acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $36,000. Finally, Synergy Asset Management LLC bought a new position in shares of Old Republic International during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $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. Over the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Piper Sandler upped their price target on Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st.

Old Republic International Stock Performance

Shares of NYSE ORI traded down $1.11 during midday trading on Friday, hitting $37.31. The company's stock had a trading volume of 1,256,843 shares, compared to its average volume of 1,245,466. The firm has a market cap of $9.22 billion, a P/E ratio of 14.19 and a beta of 0.68. Old Republic International Co. has a 1-year low of $28.65 and a 1-year high of $39.84. The firm's fifty day moving average price is $37.51 and its 200-day moving average price is $36.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, sell-side analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.11%. Old Republic International's dividend payout ratio (DPR) 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.