Capital Fund Management S.A. Has $14.85 Million Stake in Old Republic International Co. (NYSE:ORI)

Capital Fund Management S.A. increased its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,405 shares of the insurance provider's stock after purchasing an additional 24,477 shares during the period. Capital Fund Management S.A. owned approximately 0.16% of Old Republic International worth $14,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Old Republic International in the 4th quarter valued at approximately $105,581,000. Invesco Ltd. raised its holdings in Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after acquiring an additional 490,788 shares during the period. Raymond James Financial Inc. bought a new stake in Old Republic International during the fourth quarter valued at about $67,054,000. JPMorgan Chase & Co. grew its position in shares of Old Republic International by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 891,112 shares of the insurance provider's stock valued at $32,249,000 after purchasing an additional 39,620 shares during the last quarter. Finally, Boston Financial Mangement LLC lifted its position in shares of Old Republic International by 1.2% during the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider's stock worth $28,416,000 after purchasing an additional 9,011 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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Old Republic International Stock Performance

ORI traded up $0.09 on Tuesday, hitting $37.73. 997,007 shares of the stock traded hands, compared to its average volume of 1,278,141. The business has a fifty day moving average price of $37.28 and a two-hundred day moving average price of $36.61. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9.33 billion, a PE ratio of 14.35 and a beta of 0.68. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts predict that Old Republic International Co. will post 3.17 EPS 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 dividend on an annualized basis and a dividend yield of 3.07%. 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. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Analysts Set New Price Targets

Several research analysts have commented on ORI shares. Piper Sandler lifted their price target on 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 cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insider Activity

In other news, CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company's stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company's stock.

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.