Invesco Ltd. Purchases 490,788 Shares of Old Republic International Co. (NYSE:ORI)

Invesco Ltd. raised its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 26.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,349,942 shares of the insurance provider's stock after purchasing an additional 490,788 shares during the period. Invesco Ltd. owned approximately 0.93% of Old Republic International worth $85,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors 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 third quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Old Republic International during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International during the 4th quarter worth $34,000. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at about $39,000. 70.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the business's stock in a transaction dated 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 in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,039 shares of company stock valued at $1,580,733. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Performance

Shares of Old Republic International stock traded up $0.12 during trading hours on Friday, hitting $37.83. 909,728 shares of the company's stock traded hands, compared to its average volume of 1,265,969. The company has a fifty day simple moving average of $37.36 and a 200-day simple moving average of $36.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 14.38 and a beta of 0.68. Old Republic International Co. has a 12-month low of $28.65 and a 12-month high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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%. 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 paid a $0.29 dividend. This is an increase 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 annualized dividend and a yield of 3.07%. Old Republic International's dividend payout ratio is presently 44.11%.

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.