LPL Financial LLC Boosts Stock Holdings in Old Republic International Co. (NYSE:ORI)

LPL Financial LLC raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,770 shares of the insurance provider's stock after purchasing an additional 24,573 shares during the period. LPL Financial LLC owned approximately 0.11% of Old Republic International worth $10,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the 3rd quarter valued at about $28,000. Fairway Wealth LLC purchased a new position in shares of Old Republic International during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $34,000. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Old Republic International in the 4th quarter valued at $39,000. Institutional investors own 70.92% of the company's stock.

Insider Activity at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock worth $1,580,733 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Old Republic International Trading Up 0.1 %

Shares of Old Republic International stock traded up $0.03 on Tuesday, hitting $35.28. The stock had a trading volume of 1,798,310 shares, compared to its average volume of 1,286,795. The stock's 50-day simple moving average is $37.21 and its two-hundred day simple moving average is $36.56. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 13.41 and a beta of 0.68.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. As a group, sell-side analysts predict 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. Investors of record on Monday, March 10th were paid a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.29%. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Piper Sandler boosted their target price 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.

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.