LSV Asset Management Has $60.28 Million Stock Position in Old Republic International Co. (NYSE:ORI)

LSV Asset Management boosted its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,665,707 shares of the insurance provider's stock after acquiring an additional 9,700 shares during the period. LSV Asset Management owned 0.66% of Old Republic International worth $60,282,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of Old Republic International by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 49,609 shares of the insurance provider's stock valued at $1,767,000 after buying an additional 1,476 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Old Republic International by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider's stock valued at $1,236,000 after purchasing an additional 495 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Old Republic International by 99.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 22,432 shares of the insurance provider's stock worth $766,000 after buying an additional 11,169 shares in the last quarter. EP Wealth Advisors LLC raised its position in Old Republic International by 35.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 13,061 shares of the insurance provider's stock valued at $463,000 after buying an additional 3,394 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Old Republic International by 40.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 22,764 shares of the insurance provider's stock worth $806,000 after acquiring an additional 6,589 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

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Old Republic International Stock Performance

Shares of ORI stock traded up $0.09 during trading on Tuesday, reaching $37.73. 997,007 shares of the company's stock were exchanged, compared to its average volume of 1,278,141. The firm's fifty day moving average price is $37.28 and its 200-day moving average price is $36.61. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.84. The stock has a market capitalization of $9.33 billion, a PE ratio of 14.35 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

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, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, sell-side analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Insider Buying and Selling

In related news, 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 transaction of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock valued at $1,580,733 over the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORI has been the subject of a number of recent research reports. Piper Sandler increased 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 note on Tuesday, April 1st. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Old Republic International Company 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.