Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 43.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,736 shares of the insurance provider's stock after selling 25,334 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Old Republic International were worth $1,185,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the 3rd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new stake in shares of Old Republic International during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International during the fourth quarter worth approximately $34,000. Core Alternative Capital acquired a new stake in Old Republic International in the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ORI. StockNews.com cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler raised 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 note on Tuesday, April 1st.
View Our Latest Stock Analysis on ORI
Old Republic International Price Performance
Shares of NYSE ORI traded down $3.07 during mid-day trading on Friday, reaching $36.29. The company's stock had a trading volume of 1,773,712 shares, compared to its average volume of 1,280,735. The stock has a 50-day moving average of $37.31 and a two-hundred day moving average of $36.57. 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 stock has a market capitalization of $8.97 billion, a P/E ratio of 13.80 and a beta of 0.68. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.84.
Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. On average, equities research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend
The company also recently disclosed 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 is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.
Insider Buying and Selling at Old Republic International
In related news, CEO Craig R. Smiddy sold 5,296 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 in the last ninety days. 1.00% of the stock is owned by insiders.
About Old Republic International
(
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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