O Shaughnessy Asset Management LLC Has $6.37 Million Stock Position in Old Republic International Co. (NYSE:ORI)

O Shaughnessy Asset Management LLC lowered its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,106 shares of the insurance provider's stock after selling 6,388 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of Old Republic International worth $6,373,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock valued at $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after buying an additional 302 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Old Republic International by 37.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after buying an additional 19,400 shares during the period. Orca Wealth Management LLC purchased a new stake in Old Republic International in the 4th quarter worth about $5,209,000. Finally, JPMorgan Chase & Co. boosted its position in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock worth $30,160,000 after acquiring an additional 42,934 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

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Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction 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 represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. 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 in the last 90 days. 1.00% of the stock is owned by insiders.

Old Republic International Stock Down 7.8 %

ORI traded down $3.07 during trading on Friday, reaching $36.29. 1,773,712 shares of the stock traded hands, compared to its average volume of 1,280,735. The stock's 50-day simple moving average is $37.31 and its two-hundred day simple moving average is $36.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 13.80 and a beta of 0.68.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently announced 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 3.20%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is currently 44.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ORI shares. Piper Sandler increased their price target on shares of 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 shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Old Republic International 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.