Campbell & CO Investment Adviser LLC Makes New Investment in Old Republic International Co. (NYSE:ORI)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,320 shares of the insurance provider's stock, valued at approximately $980,000.

Several other large investors have also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC raised its stake in shares of Old Republic International by 5.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider's stock worth $248,000 after acquiring an additional 465 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Old Republic International by 62.7% in the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider's stock worth $37,000 after buying an additional 526 shares during the period. Federated Hermes Inc. increased its stake in shares of Old Republic International by 1.5% in the third quarter. Federated Hermes Inc. now owns 37,524 shares of the insurance provider's stock worth $1,011,000 after buying an additional 537 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Old Republic International by 3.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider's stock worth $550,000 after buying an additional 543 shares during the period. Finally, Providence Capital Advisors LLC increased its stake in shares of Old Republic International by 0.7% in the third quarter. Providence Capital Advisors LLC now owns 97,707 shares of the insurance provider's stock worth $2,632,000 after buying an additional 668 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Old Republic International

In other news, VP Thomas Dare sold 1,292 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the sale, the vice president now owns 47,764 shares in the company, valued at approximately $1,478,295.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Therace Risch purchased 6,086 shares of the company's stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the purchase, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Dare sold 1,292 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares in the company, valued at approximately $1,478,295.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock worth $282,286 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Old Republic International Trading Down 0.6 %

NYSE:ORI traded down $0.18 during trading hours on Thursday, hitting $30.65. The company had a trading volume of 1,232,636 shares, compared to its average volume of 1,672,080. The company has a market capitalization of $8.33 billion, a PE ratio of 11.93 and a beta of 0.83. The stock has a 50-day moving average price of $30.69 and a 200 day moving average price of $29.64. Old Republic International Co. has a 52 week low of $24.17 and a 52 week high of $32.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. On average, equities research analysts predict that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, June 4th. Old Republic International's dividend payout ratio (DPR) is currently 41.25%.

Analysts Set New Price Targets

Several research analysts recently commented on ORI shares. Piper Sandler lifted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 26th.

About Old Republic International

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.