American Century Companies Inc. Sells 69,355 Shares of Old Republic International Co. (NYSE:ORI)

American Century Companies Inc. cut its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 29.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,760 shares of the insurance provider's stock after selling 69,355 shares during the quarter. American Century Companies Inc. owned 0.06% of Old Republic International worth $5,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in Old Republic International by 11.4% in the third quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider's stock worth $498,000 after buying an additional 1,434 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Old Republic International by 36.1% in the third quarter. Bank of Montreal Can now owns 63,083 shares of the insurance provider's stock valued at $2,232,000 after acquiring an additional 16,744 shares during the period. BNP Paribas Financial Markets grew its position in Old Republic International by 138.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider's stock worth $1,431,000 after purchasing an additional 23,471 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Old Republic International during the third quarter worth about $378,000. Finally, Verition Fund Management LLC bought a new stake in shares of Old Republic International during the third quarter valued at approximately $561,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Old Republic International

In other news, 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 transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock valued at $1,580,733 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Old Republic International Trading Up 4.9 %

Shares of Old Republic International stock traded up $1.73 on Wednesday, hitting $37.09. 1,636,458 shares of the company's stock traded hands, compared to its average volume of 1,288,048. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.84. The firm's 50-day moving average price is $37.23 and its two-hundred day moving average price 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. The stock has a market capitalization of $9.17 billion, a PE ratio of 14.10 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 for the quarter, topping 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, research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio is 44.11%.

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.