Renaissance Technologies LLC Sells 11,900 Shares of Old Republic International Co. (NYSE:ORI)

Renaissance Technologies LLC decreased its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,785 shares of the insurance provider's stock after selling 11,900 shares during the quarter. Renaissance Technologies LLC owned about 0.10% of Old Republic International worth $9,221,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler upped their target price on 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 lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Old Republic International Stock Performance

Old Republic International stock traded up $0.05 during midday trading on Wednesday, reaching $38.03. The stock had a trading volume of 250,300 shares, compared to its average volume of 1,250,130. The firm has a market capitalization of $9.40 billion, a PE ratio of 14.46 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. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average price is $37.44 and its 200 day moving average price is $36.70.

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

Old Republic International Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.05%. 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 is presently 44.11%.

Insider Activity

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value 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. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the business's 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 transaction, the chief executive officer now directly owns 138,222 shares of the company's stock, valued at $5,335,369.20. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,039 shares of company stock worth $1,580,733. 1.10% of the stock is owned by company insiders.

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.