Old Republic International Co. (NYSE:ORI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 891,112 shares of the insurance provider's stock after purchasing an additional 39,620 shares during the period. JPMorgan Chase & Co. owned 0.35% of Old Republic International worth $32,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Old Republic International in the 4th quarter worth approximately $67,054,000. Boston Financial Mangement LLC lifted its position in Old Republic International by 1.2% during the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider's stock worth $28,416,000 after buying an additional 9,011 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $19,885,000 after buying an additional 1,999 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Old Republic International by 3.9% in the 4th quarter. First Eagle Investment Management LLC now owns 467,785 shares of the insurance provider's stock valued at $16,929,000 after buying an additional 17,600 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Old Republic International by 4.3% during the 4th quarter. Nordea Investment Management AB now owns 467,282 shares of the insurance provider's stock valued at $16,906,000 after acquiring an additional 19,119 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

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Old Republic International Trading Up 1.2 %

Shares of Old Republic International stock traded up $0.45 during trading hours on Friday, reaching $37.03. The stock had a trading volume of 1,133,727 shares, compared to its average volume of 1,282,095. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.84. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 14.08 and a beta of 0.68. The firm has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $36.59.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given 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 a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's dividend payout ratio is 44.11%.

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ORI shares. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Piper Sandler upped 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, April 1st.

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.