Farringdon Capital Ltd. Invests $257,000 in Old Republic International Co. (NYSE:ORI)

Farringdon Capital Ltd. purchased a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,089 shares of the insurance provider's stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in ORI. Parallel Advisors LLC increased its holdings in Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after buying an additional 290 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after acquiring an additional 295 shares during the last quarter. Ironwood Investment Management LLC increased its stake in shares of Old Republic International by 1.3% in the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock worth $850,000 after acquiring an additional 301 shares during the period. Atomi Financial Group Inc. lifted its position in 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 during the period. Finally, Berry Wealth Group LP boosted its holdings in Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 310 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ORI. Piper Sandler lifted their price objective on Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Old Republic International Price Performance

Shares of NYSE:ORI traded up $0.43 during midday trading on Thursday, hitting $38.40. The company's stock had a trading volume of 1,044,397 shares, compared to its average volume of 1,252,073. 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's 50 day simple moving average is $37.47 and its 200 day simple moving average is $36.71. The company has a market cap of $9.49 billion, a P/E ratio of 14.60 and a beta of 0.68. Old Republic International Co. has a 12-month low of $28.65 and a 12-month high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.29 per share. 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.02%. Old Republic International's dividend payout ratio is currently 44.11%.

Insider Activity at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the business'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 directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.10% of the company's stock.

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.