Franklin Resources Inc. Boosts Stock Holdings in Old Republic International Co. (NYSE:ORI)

Franklin Resources Inc. raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,004 shares of the insurance provider's stock after acquiring an additional 70,212 shares during the quarter. Franklin Resources Inc. owned about 0.21% of Old Republic International worth $19,000,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Old Republic International during the fourth quarter worth $105,581,000. Raymond James Financial Inc. bought a new position in shares of Old Republic International during the 4th quarter worth about $67,054,000. JPMorgan Chase & Co. boosted its position in shares of Old Republic International by 4.7% during the 4th quarter. JPMorgan Chase & Co. now owns 891,112 shares of the insurance provider's stock worth $32,249,000 after purchasing an additional 39,620 shares in the last quarter. Boston Financial Mangement LLC increased its position in Old Republic International by 1.2% in the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider's stock valued at $28,416,000 after buying an additional 9,011 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Old Republic International by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 561,406 shares of the insurance provider's stock valued at $19,885,000 after buying an additional 1,999 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The sale was disclosed in a document filed 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 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 in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 1.2 %

Shares of ORI traded up $0.45 on Friday, reaching $37.03. The company's stock had a trading volume of 1,133,727 shares, compared to its average volume of 1,282,095. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.84. The stock has a market capitalization of $9.15 billion, a PE ratio of 14.08 and a beta of 0.68. 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 has a fifty day moving average of $37.25 and a 200-day moving average of $36.59.

Old Republic International (NYSE:ORI - Get Free Report) last issued 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 return on equity of 20.32% and a net margin of 10.36%. Equities analysts predict that Old Republic International Co. will post 3.17 EPS 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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.13%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is currently 44.11%.

Wall Street Analyst Weigh In

ORI has been the subject of a number of research reports. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Piper Sandler lifted their price target on shares of 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 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.