Geode Capital Management LLC lowered its position in Old Republic International Co. (NYSE:ORI - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,927,250 shares of the insurance provider's stock after selling 106,063 shares during the period. Geode Capital Management LLC owned approximately 1.55% of Old Republic International worth $142,172,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International in the third quarter worth $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International during the 4th quarter worth $34,000. Core Alternative Capital acquired a new position in Old Republic International during the 4th quarter valued at about $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $39,000. Institutional investors own 70.92% of the company's stock.
Old Republic International Stock Performance
Shares of Old Republic International stock traded up $0.45 during trading on Friday, hitting $37.03. 1,133,727 shares of the company's stock were exchanged, compared to its average volume of 1,282,095. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 14.08 and a beta of 0.68. The business has a 50-day simple moving average of $37.25 and a 200-day simple moving average of $36.59. Old Republic International Co. has a 52-week low of $28.59 and a 52-week 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.
Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.
Old Republic International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is currently 44.11%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on ORI shares. Piper Sandler lifted their price target on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Research Report on ORI
Insider Transactions at Old Republic International
In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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 in the company, valued at approximately $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 have sold 43,039 shares of company stock valued at $1,580,733 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
Old Republic International Company Profile
(
Free Report)
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.
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