XTX Topco Ltd Increases Stake in Old Republic International Co. (NYSE:ORI)

XTX Topco Ltd lifted its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,456 shares of the insurance provider's stock after acquiring an additional 11,057 shares during the quarter. XTX Topco Ltd's holdings in Old Republic International were worth $1,536,000 at the end of the most recent reporting period.

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

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 shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company's stock, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $1,580,733 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 0.3 %

ORI stock traded up $0.12 during trading on Friday, reaching $37.83. 909,728 shares of the company traded hands, compared to its average volume of 1,258,609. The business has a 50 day simple moving average of $37.39 and a 200 day simple moving average of $36.68. Old Republic International Co. has a 12 month low of $28.65 and a 12 month high of $39.84. 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 company 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 (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, equities research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is currently 44.11%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORI. Piper Sandler boosted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

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.